Index Trend Analysis Report
Prepared for you on Thursday, March 23, 2023.
S&P GSCI Gold 2X Leveraged ER (CME:SPGGC2LP)
Strong Uptrend (+100) - SPGGC2LP is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, SPGGC2LP continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Dec 1st, 2022 at 251.73
The intermediate-term trend has been UP since Mar 13th, 2023 at 264.53
The short-term trend has been UP since Mar 10th, 2023 at 260.60
Smart Scan Analysis for SPGGC2LP
Based on our trend formula, SPGGC2LP is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).