Index Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
S&P GSCI 1 Month Forward TR (CME:SG1MCITR)
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 SG1MCITR
The long term trend has been DOWN since May 31st, 2019 at 256.67
The intermediate term trend has been DOWN since Aug 1st, 2019 at 260.41
The short term trend has been UP since Aug 19th, 2019 at 252.38
Smart Scan Analysis for SG1MCITR
Based on a pre-defined weighted trend formula for chart analysis, SG1MCITR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).