Index Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
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 May 1st, 2018 at 60.70332
The intermediate term trend has been UP since Sep 25th, 2018 at 54.03277
The short term trend has been DOWN since Oct 17th, 2018 at 54.32231
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||67.07023||52wk High Date||2018-01-25|
|52wk Low||51.83538||52wk Low Date||2018-09-11|