Future Trend Analysis Report
Prepared for you on Tuesday, January 31, 2023.
MICRO E-MINI S&P 500 INDEX Jun 2023 (CME:MES.M23)
Sidelines Mode (-55) - MES.M23 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 MES.M23?
MarketClub looks at technical strength and momentum to determine if the timing is right for MES.M23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MES.M23
The long-term trend has been DOWN since Aug 26th, 2022 at 4185.0
The intermediate-term trend has been UP since Jan 10th, 2023 at 3962.5
The short-term trend has been DOWN since Jan 30th, 2023 at 4092.5
Smart Scan Analysis for MES.M23
Based on our trend formula, MES.M23 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).