Free Daily Analysis

Index Trend Analysis Report

Prepared for you on Friday, May 24, 2024.

S&P GSCI Inverse Gold ER (CME:SPGSIGCP)

Sidelines Mode (-55) - SPGSIGCP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

CME_SPGSIGCP
Open High Low SPGSIGCP Price Change
16.181 16.181 16.068 16.164 -0.027
Entry Signal

MarketClub’s Trade Triangles for SPGSIGCP

long term down The long-term trend has been DOWN since Nov 27th, 2023 at 18.356

intermediate term down The intermediate-term trend has been DOWN since May 17th, 2024 at 15.685

short term up The short-term trend has been UP since May 22nd, 2024 at 15.664

Smart Scan Analysis for SPGSIGCP

Based on our trend formula, SPGSIGCP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for SPGSIGCP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.181 16.181 16.068 16.164 -0.027
Prev. Close Volume Bid Ask Time
16.191 0 2024-05-24 12:06:00
Get a free daily analysis and signals for S&P GSCI Inverse Gold ER (SPGSIGCP) - Request Your Free Report.