Future Trend Analysis Report
Prepared for you on Friday, June 5, 2020.
S&P 500 INDEX CONSUMER DISCRETIONARY (E-MINI) Jun 2020 (CME:XAY.M20)
Long-Term Uptrend (+90) - XAY.M20 is in a strong uptrend that is likely to continue. While XAY.M20 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 XAY.M20?
MarketClub looks at technical strength and momentum to determine if the timing is right for XAY.M20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XAY.M20
The long-term trend has been UP since Mar 26th, 2020 at 1022.5
The intermediate-term trend has been UP since Mar 26th, 2020 at 1022.5
The short-term trend has been UP since May 18th, 2020 at 1164.4
Smart Scan Analysis for XAY.M20
Based on our trend formula, XAY.M20 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).