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Index Trend Analysis Report

Prepared for you on Sunday, June 23, 2024.

Materials Select Sector Index (CME:IXB)

Sidelines Mode (+55) - IXB 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 IXB?

MarketClub looks at technical strength and momentum to determine if the timing is right for IXB.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_IXB
Open High Low IXB Price Change
947.58 949.83 941.29 948.83 +0.73
Entry Signal

MarketClub’s Trade Triangles for IXB

long term up The long-term trend has been UP since Dec 14th, 2023 at 888.82

intermediate term down The intermediate-term trend has been DOWN since May 29th, 2024 at 951.93

short term up The short-term trend has been UP since Jun 18th, 2024 at 951.63

Smart Scan Analysis for IXB

Based on our trend formula, IXB is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for IXB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
947.58 949.83 941.29 948.83 +0.73
Prev. Close Volume Bid Ask Time
948.83 0 2024-06-21 16:19:41
52wk High679.3452wk High Date2018-01-26
52wk Low529.9852wk Low Date2018-10-26
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