Index Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
S&P GSCI Inverse Gold ER (CME:SPGSIGCP)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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 SPGSIGCP
The long term trend has been DOWN since Jun 5th, 2019 at 27.45
The intermediate term trend has been DOWN since May 13th, 2019 at 28.24
The short term trend has been DOWN since Jul 10th, 2019 at 26.03
Smart Scan Analysis for SPGSIGCP
Based on a pre-defined weighted trend formula for chart analysis, SPGSIGCP scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).