Index Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
S&P GSCI Inverse Crude Oil ER (CME:SPGSICLP)
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 SPGSICLP
The long term trend has been DOWN since Sep 16th, 2019 at 5.2843
The intermediate term trend has been DOWN since Oct 23rd, 2019 at 5.4564
The short term trend has been DOWN since Dec 4th, 2019 at 5.1858
Smart Scan Analysis for SPGSICLP
Based on a pre-defined weighted trend formula for chart analysis, SPGSICLP scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).