Index Trend Analysis Report
Prepared for you on Wednesday, July 8, 2020.
S&P GSCI Inverse Gold ER (CME:SPGSIGCP)
Long-Term Downtrend (-90) - SPGSIGCP is in a strong downtrend that is likely to continue. While SPGSIGCP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Jun 5th, 2019 at 27.450
The intermediate-term trend has been DOWN since Jun 19th, 2020 at 20.598
The short-term trend has been DOWN since Jul 7th, 2020 at 19.992
Smart Scan Analysis for SPGSIGCP
Based on our trend formula, SPGSIGCP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).