Index Trend Analysis Report
Prepared for you on Monday, October 21, 2019.
S&P GSCI Inverse Crude Oil ER (CME:SPGSICLP)
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 SPGSICLP
The long term trend has been DOWN since Sep 16th, 2019 at 5.2843
The intermediate term trend has been UP since Oct 2nd, 2019 at 5.7856
The short term trend has been DOWN since Oct 11th, 2019 at 5.6287
Smart Scan Analysis for SPGSICLP
Based on a pre-defined weighted trend formula for chart analysis, SPGSICLP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).