Index Trend Analysis Report
Prepared for you on Monday, June 24, 2019.
S&P GSCI Enhanced Commodity TR (CME:SPGSCIESTR)
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 SPGSCIESTR
The long term trend has been DOWN since May 31st, 2019 at 397.7100
The intermediate term trend has been UP since Jun 24th, 2019 at 411.5521
The short term trend has been DOWN since Jun 18th, 2019 at 390.1309
Smart Scan Analysis for SPGSCIESTR
Based on a pre-defined weighted trend formula for chart analysis, SPGSCIESTR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||490.3413||52wk High Date||2018-10-03|
|52wk Low||388.9167||52wk Low Date||2018-11-29|