Index Trend Analysis Report
Prepared for you on Tuesday, January 31, 2023.
S&P GSCI Gold Dynamic Roll ER (CME:SPDYGCP)
Bull Market Weakness (+75) - SPDYGCP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SPDYGCP as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SPDYGCP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPDYGCP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPDYGCP
The long-term trend has been UP since Dec 1st, 2022 at 245.57
The intermediate-term trend has been UP since Nov 7th, 2022 at 230.44
The short-term trend has been DOWN since Jan 27th, 2023 at 261.45
Smart Scan Analysis for SPDYGCP
Based on our trend formula, SPDYGCP is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).