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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.

CME_SPGGC2LP
Open High Low SPGGC2LP Price Change
378.386 381.466 363.203 363.973 -18.667
Entry Signal

MarketClub’s Trade Triangles for SPGGC2LP

long term up The long-term trend has been UP since Apr 6th, 2020 at 273.971

intermediate term up The intermediate-term trend has been UP since Jun 19th, 2020 at 283.709

short term up 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).

+90
Smart Scan Analysis for SPGGC2LP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
378.386 381.466 363.203 363.973 -18.667
Prev. Close Volume Bid Ask Time
275.815 0 2020-08-07 13:44:51
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