Future Trend Analysis Report
Prepared for you on Wednesday, September 23, 2020.
S&P 500 INDEX ENERGY SECTOR (E-MINI) Sep 2020 (CME:XAE.U20)
Bear Market Rally (-75) - XAE.U20 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on XAE.U20 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid XAE.U20?
MarketClub looks at technical strength and momentum to determine if the timing is right for XAE.U20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XAE.U20
The long-term trend has been DOWN since Jun 24th, 2020 at 388.6
The intermediate-term trend has been DOWN since Aug 27th, 2020 at 368.9
The short-term trend has been UP since Sep 16th, 2020 at 344.0
Smart Scan Analysis for XAE.U20
Based on our trend formula, XAE.U20 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).