Index Trend Analysis Report
Prepared for you on Tuesday, February 20, 2018.
S&P GSCI LIGHT ENERGY IND (CPW 4) TOTAL RETURN (CME:SPGSLETR)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 SPGSLETR
The long term trend has been UP since Sep 6th, 2017 at 2012.613
The intermediate term trend has been DOWN since Feb 7th, 2018 at 2128.806
The short term trend has been UP since Feb 13th, 2018 at 2107.026
Smart Scan Analysis for SPGSLETR
Based on a pre-defined weighted trend formula for chart analysis, SPGSLETR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2196.104||52wk High Date||2018-01-25|
|52wk Low||1878.902||52wk Low Date||2017-06-26|