Index Trend Analysis Report
Prepared for you on Friday, October 18, 2019.
S&P GSCI Inverse Industrial Metals 1 Month Forward Capped Commodity TR (CME:SG1MINIT)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 SG1MINIT
The long term trend has been DOWN since Sep 4th, 2019 at 33.3957
The intermediate term trend has been DOWN since Oct 11th, 2019 at 32.8510
The short term trend has been UP since Oct 16th, 2019 at 33.3910
Smart Scan Analysis for SG1MINIT
Based on a pre-defined weighted trend formula for chart analysis, SG1MINIT scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||35.78860000||52wk High Date||2018-11-27|
|52wk Low||27.43180000||52wk Low Date||2018-04-19|