Index Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
S&P US Treasury Bond Futures 2X Leverage Index ER (CME:SPUST2LP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for SPUST2LP
The long term trend has been DOWN since Nov 7th, 2019 at 186.94
The intermediate term trend has been UP since Jan 6th, 2020 at 192.09
The short term trend has been DOWN since Jan 17th, 2020 at 189.13
Smart Scan Analysis for SPUST2LP
Based on a pre-defined weighted trend formula for chart analysis, SPUST2LP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).