Index Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
Silver x5 Leveraged Index (CME:SGICSI5L)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 SGICSI5L
The long term trend has been UP since Jan 7th, 2020 at 32.206
The intermediate term trend has been DOWN since Jan 21st, 2020 at 24.669
The short term trend has been DOWN since Jan 28th, 2020 at 23.639
Smart Scan Analysis for SGICSI5L
Based on a pre-defined weighted trend formula for chart analysis, SGICSI5L scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||64.87||52wk High Date||2018-01-25|
|52wk Low||13.3439||52wk Low Date||2018-11-14|