Index Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
S&P GSCI Non Precious Metals TR (CME:SPGSXPTR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 SPGSXPTR
The long term trend has been DOWN since Jun 2nd, 2019 at 631.41
The intermediate term trend has been UP since Jun 25th, 2019 at 658.71
The short term trend has been DOWN since Jul 15th, 2019 at 674.71
Smart Scan Analysis for SPGSXPTR
Based on a pre-defined weighted trend formula for chart analysis, SPGSXPTR scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||794.262||52wk High Date||2018-10-03|
|52wk Low||623.027||52wk Low Date||2018-11-29|