Future Trend Analysis Report
Prepared for you on Monday, May 10, 2021.
S&P 500 INDEX ENERGY SECTOR (E-MINI) Jun 2021 (CME:XAE.M21)
Long-Term Uptrend (+90) - XAE.M21 is in a strong uptrend that is likely to continue. While XAE.M21 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 XAE.M21?
MarketClub looks at technical strength and momentum to determine if the timing is right for XAE.M21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XAE.M21
The long-term trend has been UP since May 10th, 2021 at 558.2
The intermediate-term trend has been UP since Apr 28th, 2021 at 520.3
The short-term trend has been UP since Apr 26th, 2021 at 498.7
Smart Scan Analysis for XAE.M21
Based on our trend formula, XAE.M21 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).