Index Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
S&P Gold - Equity Spread Index TR (CME:SPGDESTR)
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 SPGDESTR
The long term trend has been DOWN since Nov 5th, 2019 at 65.60
The intermediate term trend has been UP since Dec 31st, 2019 at 63.53
The short term trend has been DOWN since Jan 8th, 2020 at 64.00
Smart Scan Analysis for SPGDESTR
Based on a pre-defined weighted trend formula for chart analysis, SPGDESTR scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||74.81||52wk High Date||2018-02-06|
|52wk Low||56.13||52wk Low Date||2018-10-01|