Future Trend Analysis Report
Prepared for you on Wednesday, October 27, 2021.
S&P 500 INDEX TECHNOLOGY SECTOR (E-MINI) Dec 2021 (CME:XAK.Z21)
Long-Term Uptrend (+90) - XAK.Z21 is in a strong uptrend that is likely to continue. While XAK.Z21 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid XAK.Z21?
MarketClub looks at technical strength and momentum to determine if the timing is right for XAK.Z21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XAK.Z21
The long-term trend has been UP since Oct 20th, 2021 at 1600.7
The intermediate-term trend has been UP since Oct 18th, 2021 at 1569.2
The short-term trend has been UP since Oct 14th, 2021 at 1540.4
Smart Scan Analysis for XAK.Z21
Based on our trend formula, XAK.Z21 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).