Index Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
SILVER X5 SHORT INDEX (CME:SGICSI5S)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 Sep 25th, 2018 at 1105.6379
The short term trend has been UP since Oct 16th, 2018 at 1022.9120
Smart Scan Analysis for SGICSI5S
Based on a pre-defined weighted trend formula for chart analysis, SGICSI5S scored +55 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|