Index Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
S&P GSCI 2X LEVERAGED CAPPED COMPONENT (CME:SPGC2XLT)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 SPGC2XLT
The long term trend has been UP since Oct 1st, 2018 at 330.9590
The intermediate term trend has been UP since Sep 12th, 2018 at 312.7135
The short term trend has been DOWN since Oct 17th, 2018 at 326.4775
Smart Scan Analysis for SPGC2XLT
Based on a pre-defined weighted trend formula for chart analysis, SPGC2XLT scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||353.6834||52wk High Date||2018-05-22|
|52wk Low||273.2662||52wk Low Date||2017-10-20|