Index Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
S&P GSCI ENERGY 3 MTH FWD CAP TRUST (CME:SG3MENCT)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 SG3MENCT
The long term trend has been UP since Sep 5th, 2017 at 470.948
The intermediate term trend has been DOWN since Oct 18th, 2018 at 661.893
The short term trend has been DOWN since Oct 17th, 2018 at 671.707
Smart Scan Analysis for SG3MENCT
Based on a pre-defined weighted trend formula for chart analysis, SG3MENCT scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||717.606||52wk High Date||2018-10-03|
|52wk Low||486.567||52wk Low Date||2017-10-22|