Index Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
S&P GSCI Non Precious Metals (CME:SPGSXP)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 SPGSXP
The long term trend has been DOWN since Jun 2nd, 2019 at 171.2252
The intermediate term trend has been DOWN since Jul 18th, 2019 at 173.3743
The short term trend has been UP since Aug 19th, 2019 at 166.3153
Smart Scan Analysis for SPGSXP
Based on a pre-defined weighted trend formula for chart analysis, SPGSXP scored -75 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|