Index Trend Analysis Report
Prepared for you on Saturday, November 18, 2017.
S&P GSCI NICKEL INDEX EXCESS RETURN (CME:SPGSIKP)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 SPGSIKP
The long term trend has been UP since Aug 3rd, 2017 at 140.4788
The intermediate term trend has been DOWN since Nov 16th, 2017 at 153.0891
The short term trend has been DOWN since Nov 14th, 2017 at 162.4507
Smart Scan Analysis for SPGSIKP
Based on a pre-defined weighted trend formula for chart analysis, SPGSIKP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||175.7296||52wk High Date||2017-11-01|
|52wk Low||117.9741||52wk Low Date||2017-06-13|