Index Trend Analysis Report
Prepared for you on Wednesday, March 21, 2018.
S&P GSCI SILVER INDEX EXCESS RETURN (CME:SPGSSIP)
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 SPGSSIP
The long term trend has been UP since Jan 24th, 2018 at 66.64759
The intermediate term trend has been DOWN since Feb 2nd, 2018 at 63.39567
The short term trend has been DOWN since Mar 9th, 2018 at 61.94715
Smart Scan Analysis for SPGSSIP
Based on a pre-defined weighted trend formula for chart analysis, SPGSSIP scored -70 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|