Index Trend Analysis Report
Prepared for you on Monday, May 20, 2019.
S&P GSCI ULTRA LIGHT ENERGY (CPW 8) TOTAL RETURN (CME:SPGSUETR)
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 SPGSUETR
The long term trend has been DOWN since May 5th, 2019 at 1824.00
The intermediate term trend has been DOWN since Apr 25th, 2019 at 1869.50
The short term trend has been UP since May 14th, 2019 at 1809.41
Smart Scan Analysis for SPGSUETR
Based on a pre-defined weighted trend formula for chart analysis, SPGSUETR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2082.943||52wk High Date||2018-05-24|
|52wk Low||1816.463||52wk Low Date||2018-11-27|