Index Trend Analysis Report
Prepared for you on Thursday, May 24, 2018.
SILVER X5 LEVERAGED INDEX (CME:SGICSI5L)
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 SGICSI5L
The long term trend has been DOWN since Nov 29th, 2017 at 49.77
The intermediate term trend has been DOWN since Apr 30th, 2018 at 39.44
The short term trend has been DOWN since May 24th, 2018 at 38.40
Smart Scan Analysis for SGICSI5L
Based on a pre-defined weighted trend formula for chart analysis, SGICSI5L scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||87.49||52wk High Date||2017-09-08|
|52wk Low||34.68||52wk Low Date||2018-05-01|