Index Trend Analysis Report
Prepared for you on Monday, November 18, 2019.
S&P GSCI Aluminum Dynamic Roll ER (CME:SPDYIAP)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 SPDYIAP
The long term trend has been DOWN since Apr 30th, 2019 at 89.840
The intermediate term trend has been UP since Oct 30th, 2019 at 85.146
The short term trend has been DOWN since Nov 11th, 2019 at 86.976
Smart Scan Analysis for SPDYIAP
Based on a pre-defined weighted trend formula for chart analysis, SPDYIAP scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).