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Index Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
S&P GSCI Gold 2X Leveraged ER (CME:SPGGC2LP)
Bull Market Weakness (+75) - SPGGC2LP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SPGGC2LP as it may be in the beginning stages of a reversal.
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.
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MarketClub’s Trade Triangles for SPGGC2LP
The long-term trend has been UP since Nov 28th, 2023 at 281.67
The intermediate-term trend has been UP since Jul 5th, 2024 at 358.60
The short-term trend has been UP since Jul 24th, 2024 at 368.06
Smart Scan Analysis for SPGGC2LP
Based on our trend formula, SPGGC2LP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 353.86 | 359.44 | 352.00 | 357.17 | +2.03 |
| Prev. Close | Volume | Bid | Ask | Time |
| 355.14 | 0 | 2024-07-26 13:42:00 |