Index Trend Analysis Report
Prepared for you on Saturday, April 20, 2019.
S&P GSCI NICKEL INDEX SPOT (CME:SPGSIK)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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 SPGSIK
The long term trend has been DOWN since Dec 26th, 2018 at 171.7365
The intermediate term trend has been DOWN since Apr 17th, 2019 at 206.3873
The short term trend has been DOWN since Apr 5th, 2019 at 210.5229
Smart Scan Analysis for SPGSIK
Based on a pre-defined weighted trend formula for chart analysis, SPGSIK scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||267.7631||52wk High Date||2018-04-19|
|52wk Low||171.7365||52wk Low Date||2018-11-27|