Index Trend Analysis Report
Prepared for you on Monday, November 18, 2019.
S&P GSCI Non Energy EUR TR (CME:SPGSNETRE)
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 SPGSNETRE
The long term trend has been UP since Nov 5th, 2019 at 77.492
The intermediate term trend has been DOWN since Nov 18th, 2019 at 76.042
The short term trend has been DOWN since Nov 8th, 2019 at 77.197
Smart Scan Analysis for SPGSNETRE
Based on a pre-defined weighted trend formula for chart analysis, SPGSNETRE scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||83.8186||52wk High Date||2018-05-29|
|52wk Low||72.7139||52wk Low Date||2018-09-18|