Future Trend Analysis Report
Prepared for you on Monday, October 19, 2020.
S&P 500 INDEX TECHNOLOGY SECTOR (E-MINI) Dec 2020 (CME:XAK.Z20)
Countertrend Up (+85) - XAK.Z20 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid XAK.Z20?
MarketClub looks at technical strength and momentum to determine if the timing is right for XAK.Z20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XAK.Z20
The long-term trend has been UP since Sep 30th, 2020 at 1177.5
The intermediate-term trend has been UP since Sep 30th, 2020 at 1177.5
The short-term trend has been DOWN since Oct 15th, 2020 at 1215.2
Smart Scan Analysis for XAK.Z20
Based on our trend formula, XAK.Z20 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).