Future Trend Analysis Report
Prepared for you on Friday, June 2, 2023.
S&P 500 INDEX ENERGY SECTOR BTIC (E-MINI) Jun 2023 (CME:XET.M23)
Strong Downtrend (-100) - XET.M23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, XET.M23 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid XET.M23?
MarketClub looks at technical strength and momentum to determine if the timing is right for XET.M23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XET.M23
The long-term trend has been DOWN since Mar 22nd, 2023 at 1.8
The intermediate-term trend has been DOWN since Mar 22nd, 2023 at 1.8
The short-term trend has been DOWN since Apr 19th, 2023 at 0.9
Smart Scan Analysis for XET.M23
Based on our trend formula, XET.M23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).