Future Trend Analysis Report
Prepared for you on Wednesday, April 1, 2020.
S&P 500 INDEX (E-MINI) Jun 2020 (CME:ES.M20)
Countertrend Down (-85) - ES.M20 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid ES.M20?
MarketClub looks at technical strength and momentum to determine if the timing is right for ES.M20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ES.M20
The long-term trend has been DOWN since Feb 27th, 2020 at 3040.75
The intermediate-term trend has been DOWN since Feb 24th, 2020 at 3223.75
The short-term trend has been UP since Mar 25th, 2020 at 2470.00
Smart Scan Analysis for ES.M20
Based on our trend formula, ES.M20 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).