Index Trend Analysis Report
Prepared for you on Monday, March 18, 2019.
S&P GSCI SILVER INDEX TOTAL RETURN (CME:SPGSSITR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 SPGSSITR
The long term trend has been UP since Dec 18th, 2018 at 506.0145
The intermediate term trend has been DOWN since Mar 1st, 2019 at 525.6553
The short term trend has been UP since Mar 18th, 2019 at 518.8213
Smart Scan Analysis for SPGSSITR
Based on a pre-defined weighted trend formula for chart analysis, SPGSSITR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||603.7429||52wk High Date||2018-01-25|
|52wk Low||470.5797||52wk Low Date||2018-11-14|