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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.

CME_SPGSIK
Open High Low SPGSIK Price Change
261.15 265.16 260.82 261.15 -0.64
Entry Signal

MarketClub’s Trade Triangles for SPGSIK

long term up The long term trend has been UP since Jul 12th, 2019 at 214.538

intermediate term down The intermediate term trend has been DOWN since Oct 14th, 2019 at 273.030

short term down 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).

-70
Smart Scan Analysis for SPGSIK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
261.15 265.16 260.82 261.15 -0.64
Prev. Close Volume Bid Ask Time
285.16 0 2019-10-18 14:10:00
52wk High267.7631000052wk High Date2018-04-19
52wk Low171.7365000052wk Low Date2018-11-27
Want to analyze S&P GSCI Nickel SPGSIK or another symbol? Try our Free Index Trend Analysis Report.