Index Trend Analysis Report
Prepared for you on Saturday, April 4, 2020.
Consumer Discretionary Select Sector Index (CME:IXY)
Long-Term Downtrend (-90) - IXY is in a strong downtrend that is likely to continue. While IXY is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid IXY?
MarketClub looks at technical strength and momentum to determine if the timing is right for IXY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IXY
The long-term trend has been DOWN since Feb 27th, 2020 at 1204.71
The intermediate-term trend has been DOWN since Feb 24th, 2020 at 1269.71
The short-term trend has been DOWN since Apr 1st, 2020 at 979.01
Smart Scan Analysis for IXY
Based on our trend formula, IXY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1192.43||52wk High Date||2018-10-01|
|52wk Low||959.38||52wk Low Date||2017-12-01|