Index Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
S&P GSCI 2X INVERSE CAPPED COMPONENT (CME:SPGC2XST)
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 SPGC2XST
The long term trend has been UP since Dec 20th, 2018 at 5022.863
The intermediate term trend has been DOWN since Jan 17th, 2019 at 4747.501
The short term trend has been DOWN since Feb 12th, 2019 at 4769.667
Smart Scan Analysis for SPGC2XST
Based on a pre-defined weighted trend formula for chart analysis, SPGC2XST scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||4830.028||52wk High Date||2018-11-27|
|52wk Low||3675.629||52wk Low Date||2018-05-22|