Future Trend Analysis Report
Prepared for you on Wednesday, May 25, 2022.
S&P 500 INDEX CONSUMER STAPLES (E-MINI) Jun 2022 (CME:XAP.M22)
Bear Market Rally (-75) - XAP.M22 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on XAP.M22 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid XAP.M22?
MarketClub looks at technical strength and momentum to determine if the timing is right for XAP.M22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XAP.M22
The long-term trend has been DOWN since May 19th, 2022 at 713.8
The intermediate-term trend has been DOWN since May 2nd, 2022 at 779.1
The short-term trend has been UP since May 24th, 2022 at 725.7
Smart Scan Analysis for XAP.M22
Based on our trend formula, XAP.M22 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).