Index Trend Analysis Report
Prepared for you on Monday, December 11, 2017.
S&P GSCI REDUCED ENERGY (CPW 2) EXC RETURN (CME:SPGSREP)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 SPGSREP
The long term trend has been UP since Sep 6th, 2017 at 204.9689
The intermediate term trend has been DOWN since Dec 6th, 2017 at 211.7072
The short term trend has been DOWN since Dec 5th, 2017 at 213.7073
Smart Scan Analysis for SPGSREP
Based on a pre-defined weighted trend formula for chart analysis, SPGSREP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||219.2157||52wk High Date||2017-11-06|
|52wk Low||188.2622||52wk Low Date||2017-06-26|