Future Trend Analysis Report
Prepared for you on Sunday, May 31, 2020.
S&P 500 INDEX ENERGY SECTOR (E-MINI) Jun 2020 (CME:XAE.M20)
Countertrend Up (+85) - XAE.M20 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid XAE.M20?
MarketClub looks at technical strength and momentum to determine if the timing is right for XAE.M20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XAE.M20
The long-term trend has been UP since Apr 2nd, 2020 at 321.3
The intermediate-term trend has been UP since Apr 2nd, 2020 at 321.3
The short-term trend has been DOWN since May 29th, 2020 at 401.4
Smart Scan Analysis for XAE.M20
Based on our trend formula, XAE.M20 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).