Index Trend Analysis Report
Prepared for you on Sunday, January 21, 2018.
S&P GSCI NICKEL INDEX EXCESS RETURN (CME:SPGSIKP)
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 SPGSIKP
The long term trend has been UP since Aug 3rd, 2017 at 140.4788
The intermediate term trend has been UP since Dec 20th, 2017 at 161.8935
The short term trend has been DOWN since Jan 16th, 2018 at 168.5134
Smart Scan Analysis for SPGSIKP
Based on a pre-defined weighted trend formula for chart analysis, SPGSIKP scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||177.0014||52wk High Date||2018-01-10|
|52wk Low||117.9741||52wk Low Date||2017-06-13|