Index Trend Analysis Report
Prepared for you on Tuesday, February 20, 2018.
S&P GSCI GOLD INDEX EXCESS RETURN (CME:SPGSGCP)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 SPGSGCP
The long term trend has been UP since Jan 2nd, 2018 at 106.5444
The intermediate term trend has been DOWN since Feb 6th, 2018 at 107.5633
The short term trend has been DOWN since Feb 20th, 2018 at 108.5662
Smart Scan Analysis for SPGSGCP
Based on a pre-defined weighted trend formula for chart analysis, SPGSGCP scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||110.9417||52wk High Date||2017-09-08|
|52wk Low||98.4028||52wk Low Date||2017-03-10|