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Index Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

S&P GSCI Palladium (CME:SPGSPA)

Countertrend Down (-85) - SPGSPA is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid SPGSPA?

MarketClub looks at technical strength and momentum to determine if the timing is right for SPGSPA.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_SPGSPA
Open High Low SPGSPA Price Change
627.87 631.06 603.64 606.89 -18.75
Entry Signal

MarketClub’s Trade Triangles for SPGSPA

long term down The long-term trend has been DOWN since Oct 31st, 2022 at 1161.35

intermediate term down The intermediate-term trend has been DOWN since Oct 2nd, 2023 at 767.54

short term up The short-term trend has been UP since Dec 8th, 2023 at 625.77

Smart Scan Analysis for SPGSPA

Based on our trend formula, SPGSPA is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for SPGSPA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
627.87 631.06 603.64 606.89 -18.75
Prev. Close Volume Bid Ask Time
625.64 0 2023-12-08 15:38:00
52wk High741.454152wk High Date2018-11-16
52wk Low520.408252wk Low Date2018-08-16
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