Future Trend Analysis Report
Prepared for you on Sunday, May 29, 2022.
S&P 500 INDEX CONSUMER DISCRETIONARY (E-MINI) Jun 2022 (CME:XAY.M22)
Sidelines Mode (-55) - XAY.M22 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid XAY.M22?
MarketClub looks at technical strength and momentum to determine if the timing is right for XAY.M22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XAY.M22
The long-term trend has been DOWN since Apr 29th, 2022 at 1643.1
The intermediate-term trend has been DOWN since Apr 11th, 2022 at 1794.3
The short-term trend has been UP since May 26th, 2022 at 1441.3
Smart Scan Analysis for XAY.M22
Based on our trend formula, XAY.M22 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).