Index Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
S&P GSCI INVERSE INDUSTRIAL METALS 1 MTH (CME:SG1MINIT)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.
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 UP since Jul 3rd, 2018 at 31.1469
The intermediate term trend has been DOWN since Oct 2nd, 2018 at 32.8868
The short term trend has been UP since Oct 16th, 2018 at 33.3725
Smart Scan Analysis for SG1MINIT
Based on a pre-defined weighted trend formula for chart analysis, SG1MINIT scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||35.3614||52wk High Date||2018-09-11|
|52wk Low||27.4318||52wk Low Date||2018-04-19|