Index Trend Analysis Report
Prepared for you on Wednesday, December 8, 2021.
Merrill Lynch Factor Model Exchange Series (CME:MLEIFCTX)
Sidelines Mode (-55) - MLEIFCTX 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 MLEIFCTX?
MarketClub looks at technical strength and momentum to determine if the timing is right for MLEIFCTX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MLEIFCTX
The long-term trend has been UP since Nov 1st, 2021 at 2422.19
The intermediate-term trend has been DOWN since Nov 23rd, 2021 at 2407.88
The short-term trend has been UP since Dec 7th, 2021 at 2378.52
Smart Scan Analysis for MLEIFCTX
Based on our trend formula, MLEIFCTX is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||2028.84||52wk High Date||2018-01-26|
|52wk Low||1930.71||52wk Low Date||2018-10-29|