Future Trend Analysis Report
Prepared for you on Thursday, August 6, 2020.
S&P 500 INDEX MATERIALS SECTOR (E-MINI) Sep 2020 (CME:XAB.U20)
Long-Term Uptrend (+90) - XAB.U20 is in a strong uptrend that is likely to continue. While XAB.U20 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid XAB.U20?
MarketClub looks at technical strength and momentum to determine if the timing is right for XAB.U20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XAB.U20
The long-term trend has been UP since Jun 16th, 2020 at 586.3
The intermediate-term trend has been UP since Jun 16th, 2020 at 586.3
The short-term trend has been UP since Aug 4th, 2020 at 639.7
Smart Scan Analysis for XAB.U20
Based on our trend formula, XAB.U20 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).