Index Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
S&P GSCI Brent Crude 2X Leveraged ER (CME:SPGBR2LP)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 SPGBR2LP
The long term trend has been DOWN since Jun 2nd, 2019 at 143.12
The intermediate term trend has been DOWN since Jul 18th, 2019 at 147.22
The short term trend has been UP since Aug 19th, 2019 at 133.01
Smart Scan Analysis for SPGBR2LP
Based on a pre-defined weighted trend formula for chart analysis, SPGBR2LP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).