Future Trend Analysis Report
Prepared for you on Saturday, August 8, 2020.
NASDAQ BIOTECH (E-MINI) Sep 2020 (CME:BIO.U20)
Sidelines Mode (+55) - BIO.U20 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.U20?
MarketClub looks at technical strength and momentum to determine if the timing is right for BIO.U20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BIO.U20
The long-term trend has been UP since Jun 17th, 2020 at 4170.0
The intermediate-term trend has been DOWN since Jul 31st, 2020 at 4253.2
The short-term trend has been UP since Aug 4th, 2020 at 4301.7
Smart Scan Analysis for BIO.U20
Based on our trend formula, BIO.U20 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).