Future Trend Analysis Report
Prepared for you on Thursday, June 8, 2023.
S&P 500 INDEX UTILITIES SECTOR BTIC (E-MINI) Jun 2023 (CME:XUT.M23)
Strong Downtrend (-100) - XUT.M23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, XUT.M23 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid XUT.M23?
MarketClub looks at technical strength and momentum to determine if the timing is right for XUT.M23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XUT.M23
The long-term trend has been DOWN since Mar 27th, 2023 at 3.0
The intermediate-term trend has been DOWN since Mar 27th, 2023 at 3.0
The short-term trend has been DOWN since Apr 6th, 2023 at 2.2
Smart Scan Analysis for XUT.M23
Based on our trend formula, XUT.M23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).