Index Trend Analysis Report
Prepared for you on Wednesday, September 18, 2019.
S&P Global Luxury Index Net TR (CME:SPGLGUN)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for SPGLGUN
The long term trend has been DOWN since Aug 14th, 2019 at 3082.86
The intermediate term trend has been UP since Sep 4th, 2019 at 3195.33
The short term trend has been DOWN since Sep 16th, 2019 at 3302.70
Smart Scan Analysis for SPGLGUN
Based on a pre-defined weighted trend formula for chart analysis, SPGLGUN scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3578.46||52wk High Date||2018-06-14|
|52wk Low||2898.98||52wk Low Date||2018-10-25|