Index Trend Analysis Report
Prepared for you on Saturday, January 19, 2019.
S&P GSCI NON - ENERGY TOTAL RETURN (CME:SPGSNETR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 SPGSNETR
The long term trend has been DOWN since Jun 19th, 2018 at 1750.035
The intermediate term trend has been UP since Jan 18th, 2019 at 1691.380
The short term trend has been DOWN since Jan 17th, 2019 at 1674.160
Smart Scan Analysis for SPGSNETR
Based on a pre-defined weighted trend formula for chart analysis, SPGSNETR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1887.84||52wk High Date||2018-04-19|
|52wk Low||1645.195||52wk Low Date||2018-09-18|