Index Trend Analysis Report
Prepared for you on Tuesday, October 15, 2019.
S&P GSCI Crude Oil 2X Leveraged ER (CME:SPGCL2LP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 SPGCL2LP
The long term trend has been DOWN since Oct 3rd, 2019 at 3.4700
The intermediate term trend has been DOWN since Sep 30th, 2019 at 3.8409
The short term trend has been UP since Oct 11th, 2019 at 3.7653
Smart Scan Analysis for SPGCL2LP
Based on a pre-defined weighted trend formula for chart analysis, SPGCL2LP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).