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Index Trend Analysis Report

Prepared for you on Sunday, December 10, 2023.

S&P GSCI Palladium ER (CME:SPGSPAP)

Countertrend Down (-85) - SPGSPAP 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 SPGSPAP?

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

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

CME_SPGSPAP
Open High Low SPGSPAP Price Change
619.39 623.48 595.48 598.69 -18.50
Entry Signal

MarketClub’s Trade Triangles for SPGSPAP

long term down The long-term trend has been DOWN since Oct 31st, 2022 at 1201.25

intermediate term down The intermediate-term trend has been DOWN since Oct 2nd, 2023 at 761.21

short term up The short-term trend has been UP since Dec 8th, 2023 at 617.31

Smart Scan Analysis for SPGSPAP

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

-85
Smart Scan Analysis for SPGSPAP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
619.39 623.48 595.48 598.69 -18.50
Prev. Close Volume Bid Ask Time
598.69 0 2023-12-08 15:38:00
52wk High784.07552wk High Date2018-11-16
52wk Low547.838552wk Low Date2018-08-16
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