Index Trend Analysis Report
Prepared for you on Friday, May 7, 2021.
S&P 500 PR 2X Leverage Carry-Free Daily Index (TWD) (CME:SPX2XLCT)
Strong Uptrend (+100) - SPX2XLCT is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, SPX2XLCT continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid SPX2XLCT?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPX2XLCT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPX2XLCT
The long-term trend has been UP since Jul 21st, 2020 at 6001.64
The intermediate-term trend has been UP since May 7th, 2021 at 9350.00
The short-term trend has been UP since May 7th, 2021 at 9262.09
Smart Scan Analysis for SPX2XLCT
Based on our trend formula, SPX2XLCT is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).