Index Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
SILVER BENCHMARK INDEX (CME:SGICSIB)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 Sep 28th, 2018 at 5644.444
The short term trend has been DOWN since Oct 19th, 2018 at 5659.962
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||5417.503||52wk Low Date||2018-09-11|