Index Trend Analysis Report
Prepared for you on Tuesday, June 18, 2019.
S&P GSCI Aluminum (CME:SPGSIA)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 SPGSIA
The long term trend has been DOWN since Dec 19th, 2018 at 121.0579
The intermediate term trend has been DOWN since May 3rd, 2019 at 113.5554
The short term trend has been DOWN since Jun 14th, 2019 at 111.9627
Smart Scan Analysis for SPGSIA
Based on a pre-defined weighted trend formula for chart analysis, SPGSIA scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||173.3214||52wk High Date||2018-04-19|
|52wk Low||121.0579||52wk Low Date||2018-11-28|