Index Trend Analysis Report
Prepared for you on Friday, November 24, 2017.
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 UP since Sep 4th, 2017 at 7114.424
The intermediate term trend has been UP since Oct 15th, 2017 at 6935.708
The short term trend has been DOWN since Nov 20th, 2017 at 6778.133
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||7522.398||52wk High Date||2017-04-17|
|52wk Low||5889.002||52wk Low Date||2017-07-06|