Future Trend Analysis Report
Prepared for you on Tuesday, May 18, 2021.
NASDAQ BIOTECH (E-MINI) Jun 2021 (CME:BIO.M21)
Sidelines Mode (-55) - BIO.M21 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 BIO.M21?
MarketClub looks at technical strength and momentum to determine if the timing is right for BIO.M21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BIO.M21
The long-term trend has been DOWN since Mar 18th, 2021 at 4901.0
The intermediate-term trend has been DOWN since May 6th, 2021 at 4598.0
The short-term trend has been UP since May 17th, 2021 at 4652.6
Smart Scan Analysis for BIO.M21
Based on our trend formula, BIO.M21 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).