Index Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
S&P GSCI LIGHT ENERGY IND (CPW 4) TOTAL RETURN (CME:SPGSLETR)
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 SPGSLETR
The long term trend has been DOWN since Jul 16th, 2018 at 2065.914
The intermediate term trend has been DOWN since Aug 13th, 2018 at 2085.669
The short term trend has been DOWN since Aug 8th, 2018 at 2113.579
Smart Scan Analysis for SPGSLETR
Based on a pre-defined weighted trend formula for chart analysis, SPGSLETR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2260.371||52wk High Date||2018-05-24|
|52wk Low||1943.816||52wk Low Date||2017-08-24|