Index Trend Analysis Report
Prepared for you on Tuesday, September 17, 2019.
S&P GSCI Precious Metals ER (CME:SPGSPMP)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 SPGSPMP
The long term trend has been UP since Jun 7th, 2019 at 169.8070
The intermediate term trend has been DOWN since Sep 10th, 2019 at 188.8569
The short term trend has been DOWN since Sep 13th, 2019 at 188.8350
Smart Scan Analysis for SPGSPMP
Based on a pre-defined weighted trend formula for chart analysis, SPGSPMP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||182.7771||52wk High Date||2018-01-25|
|52wk Low||152.1462||52wk Low Date||2018-08-16|