Index Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
S&P GSCI Inverse Gold ER (CME:SPGSIGCP)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 SPGSIGCP
The long term trend has been DOWN since Jun 5th, 2019 at 27.450
The intermediate term trend has been UP since Sep 10th, 2019 at 24.450
The short term trend has been UP since Oct 11th, 2019 at 24.488
Smart Scan Analysis for SPGSIGCP
Based on a pre-defined weighted trend formula for chart analysis, SPGSIGCP scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).