Index Trend Analysis Report
Prepared for you on Tuesday, May 22, 2018.
S&P GSCI GOLD INDEX EXCESS RETURN (CME:SPGSGCP)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 SPGSGCP
The long term trend has been DOWN since May 1st, 2018 at 105.4126
The intermediate term trend has been DOWN since Apr 25th, 2018 at 106.5647
The short term trend has been UP since May 22nd, 2018 at 104.0139
Smart Scan Analysis for SPGSGCP
Based on a pre-defined weighted trend formula for chart analysis, SPGSGCP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||110.9417||52wk High Date||2017-09-08|
|52wk Low||98.6241||52wk Low Date||2017-07-10|