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Index Trend Analysis Report

Prepared for you on Monday, May 27, 2024.

S&P GSCI Gold 2X Leveraged ER (CME:SPGGC2LP)

Sidelines Mode (+55) - SPGGC2LP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
351.11 356.07 351.11 351.65 +0.96
Entry Signal

MarketClub’s Trade Triangles for SPGGC2LP

long term up The long-term trend has been UP since Nov 28th, 2023 at 281.67

intermediate term up The intermediate-term trend has been UP since May 17th, 2024 at 377.34

short term down The short-term trend has been DOWN since May 22nd, 2024 at 375.63

Smart Scan Analysis for SPGGC2LP

Based on our trend formula, SPGGC2LP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for SPGGC2LP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
351.11 356.07 351.11 351.65 +0.96
Prev. Close Volume Bid Ask Time
351.76 0 2024-05-24 13:45:00
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