CME Group: the decline slows further
CME Group edges up just 2% and stays capped below the Inversion Point
CME Group: the decline slows further
Our view last week
CME Group's rebound is losing steam: after a 7.1% bounce two weeks ago, the stock adds just 1.6% this week and stays boxed into a narrow corridor, between the daily Bollinger Band midline in the 241 area and the daily pivot average in the 240 area. The weekly technical picture still shows two heavy down weeks dominating, with money flow tilted toward sellers despite the bounce. The short has been open for 16 weeks, up 18%.
This week's summary
CME Group's sell signal keeps grinding sideways: after the 7.1% bounce three weeks ago the stock adds just 2% this week and stays boxed into a tight corridor, between the daily pivot average in the 245 area and the 7-day high in the 248 area. Money flow still tilts toward sellers and price keeps drifting up toward the Inversion Point. Earnings land this week too, on July 22.
IQS Phase
62
ordinary
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#122 / 140
US stocks
Trade P&L %
+16.59%
from signal to today
restricted Platinum content