Future Trend Analysis Report
Prepared for you on Tuesday, September 22, 2020.
S&P 500 INDEX TECHNOLOGY SECTOR (E-MINI) Sep 2020 (CME:XAK.U20)
Crossroads (-60) - XAK.U20 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 XAK.U20?
MarketClub looks at technical strength and momentum to determine if the timing is right for XAK.U20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XAK.U20
The long-term trend has been UP since Jun 16th, 2020 at 1012.5
The intermediate-term trend has been DOWN since Sep 8th, 2020 at 1137.6
The short-term trend has been DOWN since Sep 3rd, 2020 at 1237.3
Smart Scan Analysis for XAK.U20
Based on our trend formula, XAK.U20 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).