Index Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
S&P GSCI Inverse All Crude ER (CME:SG1ICRP)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 SG1ICRP
The long term trend has been UP since Jun 2nd, 2019 at 46.78
The intermediate term trend has been UP since Jul 18th, 2019 at 44.83
The short term trend has been DOWN since Aug 19th, 2019 at 44.90
Smart Scan Analysis for SG1ICRP
Based on a pre-defined weighted trend formula for chart analysis, SG1ICRP scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).