Index Trend Analysis Report
Prepared for you on Tuesday, November 24, 2020.
S&P WCI Gold 2X Inverse Daily ER (CME:SPWG2IDP)
Strong Uptrend (+100) - SPWG2IDP is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, SPWG2IDP continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid SPWG2IDP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPWG2IDP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPWG2IDP
The long-term trend has been UP since Nov 23rd, 2020 at 6.3074
The intermediate-term trend has been UP since Nov 19th, 2020 at 6.2180
The short-term trend has been UP since Nov 18th, 2020 at 6.1038
Smart Scan Analysis for SPWG2IDP
Based on our trend formula, SPWG2IDP is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).