Index Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
S&P GSCI SELECT EQUAL WEIGHT INDEX TRUST (CME:SPGSCIEWTR)
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 SPGSCIEWTR
The long term trend has been UP since Oct 3rd, 2018 at 164.2713
The intermediate term trend has been UP since Sep 21st, 2018 at 158.1362
The short term trend has been DOWN since Oct 17th, 2018 at 161.8088
Smart Scan Analysis for SPGSCIEWTR
Based on a pre-defined weighted trend formula for chart analysis, SPGSCIEWTR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||172.5157||52wk High Date||2018-05-24|
|52wk Low||151.7624||52wk Low Date||2018-08-16|