Index Trend Analysis Report
Prepared for you on Saturday, January 19, 2019.
S&P GOLD EQUITY SPREAD TOTAL RETURN (CME:SPGDESTR)
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 SPGDESTR
The long term trend has been UP since Oct 26th, 2018 at 64.66
The intermediate term trend has been DOWN since Jan 15th, 2019 at 67.96
The short term trend has been DOWN since Jan 4th, 2019 at 69.73
Smart Scan Analysis for SPGDESTR
Based on a pre-defined weighted trend formula for chart analysis, SPGDESTR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||74.81||52wk High Date||2018-02-06|
|52wk Low||56.13||52wk Low Date||2018-10-01|