Index Trend Analysis Report
Prepared for you on Saturday, February 17, 2018.
SILVER X5 LEVERAGED INDEX (CME:SGICSI5L)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 SGICSI5L
The long term trend has been DOWN since Nov 29th, 2017 at 49.77
The intermediate term trend has been DOWN since Feb 2nd, 2018 at 52.20
The short term trend has been UP since Feb 11th, 2018 at 43.47
Smart Scan Analysis for SGICSI5L
Based on a pre-defined weighted trend formula for chart analysis, SGICSI5L scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||118.85||52wk High Date||2017-02-27|
|52wk Low||35.81||52wk Low Date||2017-12-12|