Index Trend Analysis Report
Prepared for you on Friday, July 30, 2021.
S&P 500 PR 2X Leverage Carry-Free Daily Index (CME:SPX2XLCU)
Long-Term Uptrend (+90) - SPX2XLCU is in a strong uptrend that is likely to continue. While SPX2XLCU is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid SPX2XLCU?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPX2XLCU.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPX2XLCU
The long-term trend has been UP since Jul 20th, 2020 at 7011.11
The intermediate-term trend has been UP since Jul 23rd, 2021 at 12564.36
The short-term trend has been UP since Jul 22nd, 2021 at 12364.51
Smart Scan Analysis for SPX2XLCU
Based on our trend formula, SPX2XLCU is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).