Index Trend Analysis Report
Prepared for you on Saturday, October 31, 2020.
Invesco S&P 500 Top 50 ETF (GIF:XLG)
Strong Downtrend (-100) - XLG is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid XLG?
MarketClub looks at technical strength and momentum to determine if the timing is right for XLG.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XLG
The long-term trend has been DOWN since Sep 2nd, 2020 at 226.68
The intermediate-term trend has been DOWN since Oct 28th, 2020 at 259.06
The short-term trend has been DOWN since Oct 19th, 2020 at 267.11
Smart Scan Analysis for XLG
Based on our trend formula, XLG is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).