Index Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
SILVER BENCHMARK INDEX (CME:SGICSIB)
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 SGICSIB
The long term trend has been DOWN since May 1st, 2018 at 6367.955
The intermediate term trend has been UP since Dec 7th, 2018 at 5638.436
The short term trend has been DOWN since Dec 7th, 2018 at 5580.360
Smart Scan Analysis for SGICSIB
Based on a pre-defined weighted trend formula for chart analysis, SGICSIB scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||7009.746||52wk High Date||2018-01-25|
|52wk Low||5378.821||52wk Low Date||2018-11-14|