Index Trend Analysis Report
Prepared for you on Saturday, September 22, 2018.
S&P GSCI NICKEL INDEX TOTAL RETURN (CME:SPGSIKTR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 SPGSIKTR
The long term trend has been DOWN since Aug 3rd, 2018 at 330.5738
The intermediate term trend has been DOWN since Aug 15th, 2018 at 326.9346
The short term trend has been UP since Sep 20th, 2018 at 315.1395
Smart Scan Analysis for SPGSIKTR
Based on a pre-defined weighted trend formula for chart analysis, SPGSIKTR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||418.3204||52wk High Date||2018-04-19|
|52wk Low||256.2938||52wk Low Date||2017-09-27|