Index Trend Analysis Report
Prepared for you on Wednesday, November 14, 2018.
S&P GSCI INDUSTRY METALS IND EXCESS RETURN (CME:SPGSINP)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 SPGSINP
The long term trend has been DOWN since Jul 3rd, 2018 at 191.5676
The intermediate term trend has been DOWN since Oct 26th, 2018 at 177.9264
The short term trend has been DOWN since Nov 13th, 2018 at 173.1756
Smart Scan Analysis for SPGSINP
Based on a pre-defined weighted trend formula for chart analysis, SPGSINP scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||224.1587||52wk High Date||2018-04-19|
|52wk Low||172.3418||52wk Low Date||2018-08-15|