TTM Squeeze Alert: CME Primed for Big Move at $276.73
NeutralCME Group Inc (CME) closed up 0.13% at $276.73 on December 27.
Technical indicators paint a bullish picture:
Moving Averages
Price trades above the 9-day EMA ($273.78) with a bullish stack. The 21-day EMA at $273.26 provides support.
Momentum
RSI at 53.0 is in neutral territory but trending higher. MACD is bullish (0.18 vs signal -0.30).
Volatility
Stock has been in a TTM Squeeze for 9 days, indicating compressed volatility and potential for a significant move.
Key levels to watch: Support at $265.64, Resistance at $280.86.