Index Trend Analysis Report
Prepared for you on Friday, October 23, 2020.
NYSE Leveraged 2x JPM Index (GIF:NY2LJPM)
Sidelines Mode (+55) - NY2LJPM is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid NY2LJPM?
MarketClub looks at technical strength and momentum to determine if the timing is right for NY2LJPM.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NY2LJPM
The long-term trend has been DOWN since Feb 25th, 2020 at 159.130
The intermediate-term trend has been UP since Oct 12th, 2020 at 78.523
The short-term trend has been DOWN since Oct 22nd, 2020 at 74.284
Smart Scan Analysis for NY2LJPM
Based on our trend formula, NY2LJPM is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).