Index Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
S&P WCI Gold 2X Inverse Daily ER (CME:SPWG2IDP)
Strong Downtrend (-100) - SPWG2IDP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 DOWN since Apr 6th, 2020 at 8.2136
The intermediate-term trend has been DOWN since Apr 6th, 2020 at 8.5647
The short-term trend has been DOWN since May 6th, 2020 at 7.8194
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).