Index Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
SGI DAILY LEVERAGED BTP (CME:SGIXDLBT)
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 SGIXDLBT
The long term trend has been UP since Dec 13th, 2018 at 282.4849
The intermediate term trend has been DOWN since Feb 7th, 2019 at 284.3000
The short term trend has been DOWN since Feb 21st, 2019 at 288.3400
Smart Scan Analysis for SGIXDLBT
Based on a pre-defined weighted trend formula for chart analysis, SGIXDLBT scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||321.9513||52wk High Date||2018-05-04|
|52wk Low||236.8542||52wk Low Date||2018-05-29|