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Index Trend Analysis Report

Prepared for you on Friday, January 22, 2021.

Morningstar US Energy Sector Capped PR USD (CME:MES)

Countertrend Up (+85) - MES 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 MES?

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

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

CME_MES
Open High Low MES Price Change
5350.22 5462.54 5315.12 5452.27 -22.51
Entry Signal

MarketClub’s Trade Triangles for MES

long term up The long-term trend has been UP since Nov 24th, 2020 at 5056.35

intermediate term up The intermediate-term trend has been UP since Nov 9th, 2020 at 4001.91

short term down The short-term trend has been DOWN since Jan 21st, 2021 at 5495.50

Smart Scan Analysis for MES

Based on our trend formula, MES is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for MES
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5350.22 5462.54 5315.12 5452.27 -22.51
Prev. Close Volume Bid Ask Time
3809.80 0 2021-01-22 16:20:02
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