Index Trend Analysis Report
Prepared for you on Thursday, March 22, 2018.
S&P GSCI ALUMINIUM INDEX EXCESS RETURN (CME:SPGSIAP)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 SPGSIAP
The long term trend has been UP since Dec 27th, 2017 at 30.81239
The intermediate term trend has been DOWN since Feb 6th, 2018 at 30.01903
The short term trend has been DOWN since Mar 14th, 2018 at 28.71573
Smart Scan Analysis for SPGSIAP
Based on a pre-defined weighted trend formula for chart analysis, SPGSIAP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||31.76085||52wk High Date||2017-12-29|
|52wk Low||26.2434||52wk Low Date||2017-06-26|