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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.
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MarketClub’s Trade Triangles for XAB.Z23
The long-term trend has been UP since Dec 1st, 2023 at 883.4
The intermediate-term trend has been UP since Nov 14th, 2023 at 843.1
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).
| 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 |
| Expiration | 2023-12-15 | Open Time | 18:00 |
| Close Time | 17:00 |