Index Trend Analysis Report
Prepared for you on Sunday, May 27, 2018.
SILVER X5 SHORT INDEX (CME:SGICSI5S)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 SGICSI5S
The long term trend has been DOWN since Jan 5th, 2018 at 572.39
The intermediate term trend has been UP since May 1st, 2018 at 686.86
The short term trend has been DOWN since May 18th, 2018 at 638.68
Smart Scan Analysis for SGICSI5S
Based on a pre-defined weighted trend formula for chart analysis, SGICSI5S scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1369.02||52wk High Date||2017-07-06|
|52wk Low||484.18||52wk Low Date||2017-09-08|