Index Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
S&P GSCI Enhanced Commodity ER (CME:SPGSCIESP)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 SPGSCIESP
The long term trend has been DOWN since May 31st, 2019 at 224.9722
The intermediate term trend has been DOWN since Jul 18th, 2019 at 224.7392
The short term trend has been DOWN since Jul 15th, 2019 at 235.2439
Smart Scan Analysis for SPGSCIESP
Based on a pre-defined weighted trend formula for chart analysis, SPGSCIESP scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||279.5508||52wk High Date||2018-10-03|
|52wk Low||220.9024||52wk Low Date||2018-11-29|