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Index Trend Analysis Report

Prepared for you on Sunday, August 25, 2019.

S&P WCI Gold 2X Inverse Daily ER (CME:SPWG2IDP)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

CME_SPWG2IDP
Open High Low SPWG2IDP Price Change
10.47 10.58 10.34 10.35 -0.12
Entry Signal

MarketClub’s Trade Triangles for SPWG2IDP

long term down The long term trend has been DOWN since Jun 3rd, 2019 at 13.40

intermediate term down The intermediate term trend has been DOWN since Jun 2nd, 2019 at 13.85

short term down The short term trend has been DOWN since Aug 23rd, 2019 at 10.38

Smart Scan Analysis for SPWG2IDP

Based on a pre-defined weighted trend formula for chart analysis, SPWG2IDP scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for SPWG2IDP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.47 10.58 10.34 10.35 -0.12
Prev. Close Volume Bid Ask Time
14.32 0 2019-08-23 11:29:13
Want to analyze S&P WCI Gold 2X Inverse Daily ER SPWG2IDP or another symbol? Try our Free Index Trend Analysis Report.