Index Trend Analysis Report
Prepared for you on Wednesday, January 23, 2019.
SPGSCI PALLADIUM (CME:SPGSPA)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 SPGSPA
The long term trend has been UP since Dec 19th, 2018 at 761.7985
The intermediate term trend has been UP since Dec 19th, 2018 at 761.7985
The short term trend has been DOWN since Jan 21st, 2019 at 840.8801
Smart Scan Analysis for SPGSPA
Based on a pre-defined weighted trend formula for chart analysis, SPGSPA scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||741.4541||52wk High Date||2018-11-16|
|52wk Low||520.4082||52wk Low Date||2018-08-16|