Index Trend Analysis Report
Prepared for you on Saturday, January 19, 2019.
S&P GSCI ENHANCED COMMODITY INDEX (CME:SPGSCIES)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 SPGSCIES
The long term trend has been DOWN since Dec 19th, 2018 at 223.9359
The intermediate term trend has been UP since Jan 18th, 2019 at 234.2970
The short term trend has been UP since Jan 16th, 2019 at 230.9090
Smart Scan Analysis for SPGSCIES
Based on a pre-defined weighted trend formula for chart analysis, SPGSCIES scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||285.1694||52wk High Date||2018-10-03|
|52wk Low||226.2492||52wk Low Date||2018-11-29|