Index Trend Analysis Report
Prepared for you on Thursday, February 21, 2019.
S&P GSCI REDUCED ENERGY (CPW 2) EXC RETURN (CME:SPGSREP)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 SPGSREP
The long term trend has been DOWN since Dec 19th, 2018 at 199.8862
The intermediate term trend has been UP since Jan 18th, 2019 at 203.6303
The short term trend has been UP since Feb 12th, 2019 at 203.4040
Smart Scan Analysis for SPGSREP
Based on a pre-defined weighted trend formula for chart analysis, SPGSREP scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||240.8255||52wk High Date||2018-05-22|
|52wk Low||200.0846||52wk Low Date||2018-11-27|