Future Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
DJ US REAL ESTATE INDEX Dec 2023 (CBOT:RX.Z23)
Bull Market Weakness (+75) - RX.Z23 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on RX.Z23 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid RX.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for RX.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RX.Z23
The long-term trend has been UP since Dec 1st, 2023 at 330.8
The intermediate-term trend has been UP since Nov 3rd, 2023 at 311.3
The short-term trend has been DOWN since Dec 7th, 2023 at 331.5
Smart Scan Analysis for RX.Z23
Based on our trend formula, RX.Z23 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).