Index Trend Analysis Report
Prepared for you on Monday, October 21, 2019.
S&P GSCI Inverse All Crude TR (CME:SG1ICRTR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 SG1ICRTR
The long term trend has been DOWN since Sep 16th, 2019 at 73.810
The intermediate term trend has been UP since Oct 2nd, 2019 at 81.422
The short term trend has been DOWN since Oct 11th, 2019 at 78.607
Smart Scan Analysis for SG1ICRTR
Based on a pre-defined weighted trend formula for chart analysis, SG1ICRTR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).