Index Trend Analysis Report
Prepared for you on Friday, May 24, 2019.
GOLDMAN SACHS TOTAL RETURN (CME:SPGSCITR)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 SPGSCITR
The long term trend has been UP since Mar 15th, 2019 at 2522.4577
The intermediate term trend has been DOWN since May 23rd, 2019 at 2522.4096
The short term trend has been DOWN since May 21st, 2019 at 2586.4527
Smart Scan Analysis for SPGSCITR
Based on a pre-defined weighted trend formula for chart analysis, SPGSCITR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2966.857||52wk High Date||2018-10-03|
|52wk Low||2350.829||52wk Low Date||2018-11-29|