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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.

CME_SPGGC2LP
Open High Low SPGGC2LP Price Change
275.694 276.002 266.813 269.742 -8.357
Entry Signal

MarketClub’s Trade Triangles for SPGGC2LP

long term down The long-term trend has been DOWN since Nov 9th, 2020 at 301.766

intermediate term down The intermediate-term trend has been DOWN since Jan 15th, 2021 at 288.693

short term down 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).

-90
Smart Scan Analysis for SPGGC2LP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
275.694 276.002 266.813 269.742 -8.357
Prev. Close Volume Bid Ask Time
278.099 0 2021-02-25 13:44:56
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