Index Trend Analysis Report
Prepared for you on Wednesday, December 11, 2019.
S&P GSCI Brent Crude 2X Leveraged ER (CME:SPGBR2LP)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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 SPGBR2LP
The long term trend has been UP since Sep 16th, 2019 at 172.10
The intermediate term trend has been UP since Oct 23rd, 2019 at 142.54
The short term trend has been UP since Dec 4th, 2019 at 158.92
Smart Scan Analysis for SPGBR2LP
Based on a pre-defined weighted trend formula for chart analysis, SPGBR2LP scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).