Index Trend Analysis Report
Prepared for you on Thursday, July 19, 2018.
S&P GSCI NICKEL INDEX TOTAL RETURN (CME:SPGSIKTR)
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 SPGSIKTR
The long term trend has been UP since Aug 3rd, 2017 at 260.9500
The intermediate term trend has been DOWN since Jun 19th, 2018 at 367.9628
The short term trend has been DOWN since Jul 16th, 2018 at 347.9740
Smart Scan Analysis for SPGSIKTR
Based on a pre-defined weighted trend formula for chart analysis, SPGSIKTR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||418.3204||52wk High Date||2018-04-19|
|52wk Low||238.3919||52wk Low Date||2017-07-20|