Index Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
SGI SMART WTI SHORT INVEST INDEX (CME:SGIXWTIS)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
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 SGIXWTIS
The long term trend has been UP since Nov 19th, 2018 at 1200.673
The intermediate term trend has been DOWN since Jan 8th, 2019 at 1275.340
The short term trend has been DOWN since Jan 16th, 2019 at 1233.950
Smart Scan Analysis for SGIXWTIS
Based on a pre-defined weighted trend formula for chart analysis, SGIXWTIS scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1335.817||52wk High Date||2018-11-29|
|52wk Low||805.217||52wk Low Date||2018-11-14|