Index Trend Analysis Report
Prepared for you on Monday, August 20, 2018.
S&P GSCI LIGHT ENERGY IND (CPW 4) SPOT (CME:SPGSLE)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 SPGSLE
The long term trend has been DOWN since Jul 11th, 2018 at 382.0030
The intermediate term trend has been DOWN since Aug 13th, 2018 at 382.7524
The short term trend has been UP since Aug 19th, 2018 at 383.6343
Smart Scan Analysis for SPGSLE
Based on a pre-defined weighted trend formula for chart analysis, SPGSLE scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||419.0398||52wk High Date||2018-05-24|
|52wk Low||351.2978||52wk Low Date||2017-08-24|