Index Trend Analysis Report
Prepared for you on Tuesday, May 21, 2019.
SPGSCI PLATINUM INDEX TOTAL RETURN (CME:SPGSPLTR)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 SPGSPLTR
The long term trend has been UP since Apr 4th, 2019 at 658.3272
The intermediate term trend has been DOWN since May 1st, 2019 at 659.9163
The short term trend has been DOWN since May 9th, 2019 at 645.5269
Smart Scan Analysis for SPGSPLTR
Based on a pre-defined weighted trend formula for chart analysis, SPGSPLTR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||774.7701||52wk High Date||2018-01-25|
|52wk Low||566.591||52wk Low Date||2018-08-16|