Index Trend Analysis Report
Prepared for you on Saturday, January 18, 2020.
S&P WCI Gold 2X Inverse Daily ER (CME:SPWG2IDP)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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.
MarketClub’s Trade Triangles for SPWG2IDP
The long term trend has been DOWN since Jun 3rd, 2019 at 13.4000
The intermediate term trend has been DOWN since Dec 3rd, 2019 at 10.8157
The short term trend has been DOWN since Jan 15th, 2020 at 9.8261
Smart Scan Analysis for SPWG2IDP
Based on a pre-defined weighted trend formula for chart analysis, SPWG2IDP scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).