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Future Trend Analysis Report
Prepared for you on Tuesday, September 26, 2023.
S&P 500 INDEX MATERIALS SECTOR (E-MINI) Sep 2023 (CME:XAB.U23)
Crossroads (+60) - XAB.U23 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid XAB.U23?
MarketClub looks at technical strength and momentum to determine if the timing is right for XAB.U23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for XAB.U23
The long-term trend has been UP since Jun 13th, 2023 at 852.1
The intermediate-term trend has been DOWN since Aug 8th, 2023 at 884.4
The short-term trend has been DOWN since Sep 13th, 2023 at 863.3
Smart Scan Analysis for XAB.U23
Based on our trend formula, XAB.U23 is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 868.70 | 870.40 | 868.70 | 872.21 | +8.70 |
| Prev. Close | Volume | Bid | Ask | Time |
| 870.40 | 51 | 2023-09-14 10:41:14 |
| Expiration | 2023-09-15 | Open Time | 18:00 |
| Close Time | 17:00 |