Index Trend Analysis Report
Prepared for you on Friday, April 19, 2019.
S&P GSCI NON - NATURAL GAS INDEX TOTAL RETURN (CME:SPGSXNTR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 SPGSXNTR
The long term trend has been UP since Mar 15th, 2019 at 3897.0116
The intermediate term trend has been UP since Jan 10th, 2019 at 3672.9274
The short term trend has been DOWN since Apr 15th, 2019 at 4057.8725
Smart Scan Analysis for SPGSXNTR
Based on a pre-defined weighted trend formula for chart analysis, SPGSXNTR scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||4596.501||52wk High Date||2018-10-03|
|52wk Low||3551.097||52wk Low Date||2018-11-29|