Index Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
SILVER BENCHMARK INDEX (CME:SGICSIB)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 SGICSIB
The long term trend has been DOWN since May 1st, 2018 at 6367.955
The intermediate term trend has been DOWN since Jun 19th, 2018 at 6413.216
The short term trend has been DOWN since Aug 3rd, 2018 at 5967.614
Smart Scan Analysis for SGICSIB
Based on a pre-defined weighted trend formula for chart analysis, SGICSIB scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||7282.096||52wk High Date||2017-09-08|
|52wk Low||5590.133||52wk Low Date||2018-08-16|