Future Trend Analysis Report
Prepared for you on Thursday, October 22, 2020.
S&P 500 INDEX (E-MINI) Mar 2021 (CME:ES.H21)
Sidelines Mode (+55) - ES.H21 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 ES.H21?
MarketClub looks at technical strength and momentum to determine if the timing is right for ES.H21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ES.H21
The long-term trend has been UP since Jun 3rd, 2020 at 3040.00
The intermediate-term trend has been UP since Oct 7th, 2020 at 3390.25
The short-term trend has been DOWN since Oct 16th, 2020 at 3459.00
Smart Scan Analysis for ES.H21
Based on our trend formula, ES.H21 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).