Index Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
S&P GSCI Inverse Gold ER (CME:SPGSIGCP)
Bull Market Weakness (+75) - SPGSIGCP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SPGSIGCP as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SPGSIGCP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPGSIGCP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPGSIGCP
The long-term trend has been UP since Jul 1st, 2022 at 19.744
The intermediate-term trend has been DOWN since Aug 1st, 2022 at 20.117
The short-term trend has been UP since Aug 15th, 2022 at 19.947
Smart Scan Analysis for SPGSIGCP
Based on our trend formula, SPGSIGCP is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).