Index Trend Analysis Report
Prepared for you on Sunday, December 17, 2017.
S&P GSCI SILVER INDEX EXCESS RETURN (CME:SPGSSIP)
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 SPGSSIP
The long term trend has been DOWN since Dec 1st, 2017 at 61.91829
The intermediate term trend has been DOWN since Nov 28th, 2017 at 63.96860
The short term trend has been UP since Dec 13th, 2017 at 60.23253
Smart Scan Analysis for SPGSSIP
Based on a pre-defined weighted trend formula for chart analysis, SPGSSIP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||71.97532||52wk High Date||2017-04-17|
|52wk Low||54.96827||52wk Low Date||2017-07-07|