Index Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
S&P GSCI Gold 2X Leveraged ER (CME:SPGGC2LP)
Long-Term Downtrend (-90) - SPGGC2LP is in a strong downtrend that is likely to continue. While SPGGC2LP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Nov 9th, 2020 at 301.766
The intermediate-term trend has been DOWN since Jan 15th, 2021 at 288.693
The short-term trend has been DOWN since Feb 25th, 2021 at 272.373
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).