Future Trend Analysis Report
Prepared for you on Friday, October 23, 2020.
S&P 500 INDEX (E-MINI) Jun 2021 (CME:ES.M21)
Countertrend Up (+85) - ES.M21 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 2623.00
The intermediate-term trend has been UP since Sep 30th, 2020 at 3340.25
The short-term trend has been DOWN since Oct 19th, 2020 at 3426.75
Smart Scan Analysis for ES.M21
Based on our trend formula, ES.M21 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).