Index Trend Analysis Report
Prepared for you on Sunday, May 19, 2019.
SPGSCI PALLADIUM (CME:SPGSPA)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend 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 SPGSPA
The long term trend has been DOWN since May 9th, 2019 at 826.2117
The intermediate term trend has been DOWN since May 1st, 2019 at 847.1939
The short term trend has been DOWN since May 17th, 2019 at 841.9005
Smart Scan Analysis for SPGSPA
Based on a pre-defined weighted trend formula for chart analysis, SPGSPA scored -100 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|