Index Trend Analysis Report
Prepared for you on Thursday, April 22, 2021.
S&P WCI Gold 2X Inverse Daily TR (CME:SPWG2IDT)
Weak Downtrend (-65) - SPWG2IDT is showing signs of a strengthening downtrend. Monitor SPWG2IDT as it may be building momentum to the downside.
Is it time to buy, sell, or avoid SPWG2IDT?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPWG2IDT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPWG2IDT
The long-term trend has been UP since Mar 1st, 2021 at 9.6599
The intermediate-term trend has been DOWN since Apr 8th, 2021 at 9.6525
The short-term trend has been DOWN since Apr 15th, 2021 at 9.6934
Smart Scan Analysis for SPWG2IDT
Based on our trend formula, SPWG2IDT is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).