Index Trend Analysis Report
Prepared for you on Saturday, November 18, 2017.
S&P GSCI 2X INVERSE CAPPED COMPONENT (CME:SPGC2XST)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 SPGC2XST
The long term trend has been DOWN since Sep 6th, 2017 at 4835.741
The intermediate term trend has been DOWN since Sep 4th, 2017 at 4947.511
The short term trend has been DOWN since Nov 17th, 2017 at 4524.716
Smart Scan Analysis for SPGC2XST
Based on a pre-defined weighted trend formula for chart analysis, SPGC2XST scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||5637.981||52wk High Date||2017-06-23|
|52wk Low||4276.273||52wk Low Date||2017-11-06|