Index Trend Analysis Report
Prepared for you on Friday, January 18, 2019.
S&P GSCI SELECT EQUAL WEIGHT INDEX ER (CME:SPGSCIEWP)
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 SPGSCIEWP
The long term trend has been DOWN since Dec 20th, 2018 at 83.07245
The intermediate term trend has been UP since Jan 17th, 2019 at 85.51300
The short term trend has been UP since Jan 16th, 2019 at 84.96950
Smart Scan Analysis for SPGSCIEWP
Based on a pre-defined weighted trend formula for chart analysis, SPGSCIEWP scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||99.08077||52wk High Date||2018-05-24|
|52wk Low||83.07245||52wk Low Date||2018-11-27|