Index Trend Analysis Report
Prepared for you on Wednesday, June 28, 2017.
S&P GSCI REDUCED ENERGY (CPW 2) EXC RETURN (CME:SPGSREP)
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 SPGSREP
The long term trend has been DOWN since Mar 8th, 2017 at 206.5857
The intermediate term trend has been DOWN since Jun 7th, 2017 at 196.9588
The short term trend has been UP since Jun 27th, 2017 at 190.5432
Smart Scan Analysis for SPGSREP
Based on a pre-defined weighted trend formula for chart analysis, SPGSREP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||217.023||52wk High Date||2017-02-10|
|52wk Low||188.2622||52wk Low Date||2017-06-26|