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Future Trend Analysis Report

Prepared for you on Monday, December 4, 2023.

S&P 500 INDEX MATERIALS SECTOR (E-MINI) Dec 2023 (CME:XAB.Z23)

Long-Term Uptrend (+90) - XAB.Z23 is in a strong uptrend that is likely to continue. While XAB.Z23 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.Z23?

MarketClub looks at technical strength and momentum to determine if the timing is right for XAB.Z23.

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

CME_XAB.Z23
Open High Low XAB.Z23 Price Change
875.7 880.1 871.9 873.5 -8.8
Entry Signal

MarketClub’s Trade Triangles for XAB.Z23

long term up The long-term trend has been UP since Dec 1st, 2023 at 883.4

intermediate term up The intermediate-term trend has been UP since Nov 14th, 2023 at 843.1

short term up The short-term trend has been UP since Nov 14th, 2023 at 825.7

Smart Scan Analysis for XAB.Z23

Based on our trend formula, XAB.Z23 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for XAB.Z23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
875.7 880.1 871.9 873.5 -8.8
Prev. Close Volume Bid Ask Time
882.3 208 2023-12-04 13:15:55
Expiration2023-12-15Open Time18:00
Close Time17:00
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