Index Trend Analysis Report
Prepared for you on Sunday, November 18, 2018.
S&P GSCI NON - LIVESTOCK INDEX SPOT (CME:SPGSNL)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 SPGSNL
The long term trend has been DOWN since Nov 6th, 2018 at 219.1238
The intermediate term trend has been DOWN since Oct 18th, 2018 at 234.0262
The short term trend has been UP since Nov 16th, 2018 at 213.9887
Smart Scan Analysis for SPGSNL
Based on a pre-defined weighted trend formula for chart analysis, SPGSNL scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||250.0846||52wk High Date||2018-10-03|
|52wk Low||201.8149||52wk Low Date||2017-12-07|