Index Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
S&P GSCI INVERSE ENERGY 1 MTH FWD CAP TRUST (CME:SG1MENIT)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for SG1MENIT
The long term trend has been DOWN since Sep 1st, 2017 at 13.3925
The intermediate term trend has been DOWN since Aug 24th, 2018 at 9.8121
The short term trend has been UP since Oct 11th, 2018 at 9.1076
Smart Scan Analysis for SG1MENIT
Based on a pre-defined weighted trend formula for chart analysis, SG1MENIT scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||12.9014||52wk High Date||2017-10-22|
|52wk Low||8.7524||52wk Low Date||2018-10-03|