Future Trend Analysis Report
Prepared for you on Wednesday, June 20, 2018.
S&P 500 INDEX MATERIALS SECTOR (E-MINI) Sep 2018 (E) (CME:XAB.U18.E)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
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 XAB.U18.E
The long term trend has been DOWN since Mar 12th, 2018 at 649.5
The intermediate term trend has been UP since May 14th, 2018 at 624.5
The short term trend has been DOWN since Jun 13th, 2018 at 638.8
Smart Scan Analysis for XAB.U18.E
Based on a pre-defined weighted trend formula for chart analysis, XAB.U18.E scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||645.3||Contract High Date||2018-06-12|
|Contract Low||614.6||Contract Low Date||2018-06-19|
|Open Time||18:00||Close Time||17:00|