Index Trend Analysis Report
Prepared for you on Wednesday, January 17, 2018.
S&P GSCI ALUMINIUM INDEX EXCESS RETURN (CME:SPGSIAP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 UP since Dec 21st, 2017 at 29.70110
The short term trend has been UP since Jan 12th, 2018 at 30.52732
Smart Scan Analysis for SPGSIAP
Based on a pre-defined weighted trend formula for chart analysis, SPGSIAP scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||31.76085||52wk High Date||2017-12-29|
|52wk Low||25.21941||52wk Low Date||2017-01-17|