Index Trend Analysis Report
Prepared for you on Monday, January 21, 2019.
S&P GSCI LEAD INDEX EXCESS RETURN (CME:SPGSILP)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 SPGSILP
The long term trend has been DOWN since Jul 11th, 2018 at 207.5386
The intermediate term trend has been UP since Dec 27th, 2018 at 184.1896
The short term trend has been UP since Jan 18th, 2019 at 181.3923
Smart Scan Analysis for SPGSILP
Based on a pre-defined weighted trend formula for chart analysis, SPGSILP scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||248.2601||52wk High Date||2018-02-02|
|52wk Low||172.1339||52wk Low Date||2018-10-11|