Index Trend Analysis Report
Prepared for you on Wednesday, April 25, 2018.
S&P GSCI REDUCED ENERGY (CPW 2) EXC RETURN (CME:SPGSREP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 UP since Apr 10th, 2018 at 224.9209
The short term trend has been DOWN since Apr 23rd, 2018 at 230.0883
Smart Scan Analysis for SPGSREP
Based on a pre-defined weighted trend formula for chart analysis, SPGSREP scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||235.4737||52wk High Date||2018-04-19|
|52wk Low||188.2622||52wk Low Date||2017-06-26|