Index Trend Analysis Report
Prepared for you on Sunday, August 9, 2020.
S&P GSCI Gold 2X Leveraged ER (CME:SPGGC2LP)
Long-Term Uptrend (+90) - SPGGC2LP is in a strong uptrend that is likely to continue. While SPGGC2LP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid SPGGC2LP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPGGC2LP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPGGC2LP
The long-term trend has been UP since Apr 6th, 2020 at 273.971
The intermediate-term trend has been UP since Jun 19th, 2020 at 283.709
The short-term trend has been UP since Jul 21st, 2020 at 302.444
Smart Scan Analysis for SPGGC2LP
Based on our trend formula, SPGGC2LP is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).