Index Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
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.
MarketClub’s Trade Triangles for SPGSIGCP
The long-term trend has been DOWN since Jan 6th, 2021 at 18.482
The intermediate-term trend has been UP since Jan 11th, 2021 at 19.747
The short-term trend has been DOWN since Feb 22nd, 2021 at 20.152
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).