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Future Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
S&P 500 INDEX MATERIALS SECTOR (E-MINI) Dec 2023 (CME:XAB.Z23)
Crossroads (+60) - XAB.Z23 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.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for XAB.Z23.
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.Z23
The long-term trend has been DOWN since Sep 18th, 2023 at 868.0
The intermediate-term trend has been UP since Nov 14th, 2023 at 843.1
The short-term trend has been UP since Nov 14th, 2023 at 825.7
Smart Scan Analysis for XAB.Z23
Based on our trend formula, XAB.Z23 is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 864.8 | 868.0 | 863.3 | 864.1 | +3.4 |
| Prev. Close | Volume | Bid | Ask | Time |
| 863.6 | 256 | 2023-11-29 17:28:37 |
| Expiration | 2023-12-15 | Open Time | 18:00 |
| Close Time | 17:00 |