Index Trend Analysis Report
Prepared for you on Wednesday, January 20, 2021.
Direxion Daily 20+ Year Treasury Bull 3X Shares (GIF:TMF)
Long-Term Downtrend (-90) - TMF is in a strong downtrend that is likely to continue. While TMF is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid TMF?
MarketClub looks at technical strength and momentum to determine if the timing is right for TMF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TMF
The long-term trend has been DOWN since Oct 5th, 2020 at 38.100
The intermediate-term trend has been DOWN since Oct 5th, 2020 at 39.090
The short-term trend has been DOWN since Jan 5th, 2021 at 34.336
Smart Scan Analysis for TMF
Based on our trend formula, TMF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).