Index Trend Analysis Report
Prepared for you on Friday, January 21, 2022.
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.
MarketClub’s Trade Triangles for SPGGC2LP
The long-term trend has been UP since Nov 10th, 2021 at 283.568
The intermediate-term trend has been UP since Dec 28th, 2021 at 274.527
The short-term trend has been UP since Jan 19th, 2022 at 278.224
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).