Index Trend Analysis Report
Prepared for you on Saturday, February 16, 2019.
SILVER X5 SHORT INDEX (CME:SGICSI5S)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 SGICSI5S
The long term trend has been DOWN since Dec 18th, 2018 at 899.0539
The intermediate term trend has been DOWN since Jan 27th, 2019 at 649.3500
The short term trend has been DOWN since Feb 15th, 2019 at 663.8200
Smart Scan Analysis for SGICSI5S
Based on a pre-defined weighted trend formula for chart analysis, SGICSI5S scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1338.125||52wk High Date||2018-09-11|
|52wk Low||480.43||52wk Low Date||2018-06-14|