Index Trend Analysis Report
Prepared for you on Tuesday, August 20, 2019.
S&P GSCI All Metals Capped Commodity (CME:SPGSAMC)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
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 SPGSAMC
The long term trend has been UP since Jul 18th, 2019 at 217.9414
The intermediate term trend has been UP since Aug 13th, 2019 at 217.4670
The short term trend has been DOWN since Aug 19th, 2019 at 216.9229
Smart Scan Analysis for SPGSAMC
Based on a pre-defined weighted trend formula for chart analysis, SPGSAMC scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||253.5703||52wk High Date||2018-04-19|
|52wk Low||201.0712||52wk Low Date||2018-08-15|