Index Trend Analysis Report
Prepared for you on Friday, October 18, 2019.
S&P GSCI Inverse All Crude ER (CME:SG1ICRP)
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 SG1ICRP
The long term trend has been DOWN since Sep 16th, 2019 at 41.290
The intermediate term trend has been UP since Oct 3rd, 2019 at 45.399
The short term trend has been DOWN since Oct 11th, 2019 at 43.762
Smart Scan Analysis for SG1ICRP
Based on a pre-defined weighted trend formula for chart analysis, SG1ICRP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).