Future Trend Analysis Report
Prepared for you on Monday, May 17, 2021.
S&P 500 INDEX (E-MINI) Jun 2021 (CME:ES.M21)
Sidelines Mode (-55) - ES.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 ES.M21?
MarketClub looks at technical strength and momentum to determine if the timing is right for ES.M21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ES.M21
The long-term trend has been UP since Apr 13th, 2020 at 2623.0
The intermediate-term trend has been DOWN since May 12th, 2021 at 4113.0
The short-term trend has been UP since May 14th, 2021 at 4150.5
Smart Scan Analysis for ES.M21
Based on our trend formula, ES.M21 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).