Index Trend Analysis Report
Prepared for you on Wednesday, December 11, 2019.
S&P GSCI Non Precious Metals (CME:SPGSXP)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 SPGSXP
The long term trend has been DOWN since Oct 1st, 2019 at 161.1798
The intermediate term trend has been UP since Oct 23rd, 2019 at 171.2900
The short term trend has been UP since Dec 5th, 2019 at 175.8000
Smart Scan Analysis for SPGSXP
Based on a pre-defined weighted trend formula for chart analysis, SPGSXP scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||214.725||52wk High Date||2018-10-03|
|52wk Low||168.6033||52wk Low Date||2018-11-29|