Index Trend Analysis Report
Prepared for you on Monday, October 21, 2019.
S&P GSCI Lead (CME:SPGSIL)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend 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 SPGSIL
The long term trend has been UP since Jul 18th, 2019 at 302.4374
The intermediate term trend has been UP since Sep 10th, 2019 at 315.7100
The short term trend has been UP since Oct 17th, 2019 at 326.5800
Smart Scan Analysis for SPGSIL
Based on a pre-defined weighted trend formula for chart analysis, SPGSIL scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||403.22490000||52wk High Date||2018-02-02|
|52wk Low||280.76510000||52wk Low Date||2018-10-11|