Index Trend Analysis Report
Prepared for you on Friday, December 14, 2018.
SILVER X5 SHORT INDEX (CME:SGICSI5S)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 SGICSI5S
The long term trend has been UP since Jul 2nd, 2018 at 714.4651
The intermediate term trend has been DOWN since Dec 4th, 2018 at 1002.9641
The short term trend has been DOWN since Dec 7th, 2018 at 991.9500
Smart Scan Analysis for SGICSI5S
Based on a pre-defined weighted trend formula for chart analysis, SGICSI5S scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1338.125||52wk High Date||2018-09-11|
|52wk Low||480.43||52wk Low Date||2018-06-14|