Index Trend Analysis Report
Prepared for you on Wednesday, May 23, 2018.
S&P GSCI INVERSE INDUSTRIAL METALS 1 MTH (CME:SG1MINIT)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 SG1MINIT
The long term trend has been DOWN since Jul 25th, 2017 at 34.5885
The intermediate term trend has been DOWN since Apr 10th, 2018 at 30.2016
The short term trend has been DOWN since May 3rd, 2018 at 29.9323
Smart Scan Analysis for SG1MINIT
Based on a pre-defined weighted trend formula for chart analysis, SG1MINIT scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||38.1092||52wk High Date||2017-06-07|
|52wk Low||27.4318||52wk Low Date||2018-04-19|