Index Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
S&P GSCI LIGHT ENERGY IND (CPW 4) SPOT (CME:SPGSLE)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 SPGSLE
The long term trend has been UP since Oct 2nd, 2018 at 403.9569
The intermediate term trend has been UP since Sep 12th, 2018 at 388.7190
The short term trend has been DOWN since Oct 17th, 2018 at 396.1260
Smart Scan Analysis for SPGSLE
Based on a pre-defined weighted trend formula for chart analysis, SPGSLE scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||419.0398||52wk High Date||2018-05-24|
|52wk Low||367.0374||52wk Low Date||2017-10-23|