Index Trend Analysis Report
Prepared for you on Saturday, October 19, 2019.
S&P GSCI Nickel (CME:SPGSIK)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
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 UP since Jul 12th, 2019 at 214.538
The intermediate term trend has been DOWN since Oct 14th, 2019 at 273.030
The short term trend has been DOWN since Oct 14th, 2019 at 278.150
Smart Scan Analysis for SPGSIK
Based on a pre-defined weighted trend formula for chart analysis, SPGSIK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||267.76310000||52wk High Date||2018-04-19|
|52wk Low||171.73650000||52wk Low Date||2018-11-27|