Future Trend Analysis Report
Prepared for you on Friday, December 1, 2023.
S&P 500 INDEX TECHNOLOGY SECTOR (E-MINI) Dec 2023 (CME:XAK.Z23)
Countertrend Up (+85) - XAK.Z23 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 XAK.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for XAK.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XAK.Z23
The long-term trend has been UP since Nov 10th, 2023 at 1803.8
The intermediate-term trend has been UP since Nov 6th, 2023 at 1745.3
The short-term trend has been DOWN since Nov 30th, 2023 at 1854.6
Smart Scan Analysis for XAK.Z23
Based on our trend formula, XAK.Z23 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).