Index Trend Analysis Report
Prepared for you on Saturday, May 15, 2021.
S&P WCI Gold 2X Leveraged ER (CME:SPWG2XLP)
Sidelines Mode (-55) - SPWG2XLP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SPWG2XLP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPWG2XLP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPWG2XLP
The long-term trend has been DOWN since Nov 23rd, 2020 at 978.31
The intermediate-term trend has been UP since Apr 15th, 2021 at 861.20
The short-term trend has been DOWN since May 12th, 2021 at 921.87
Smart Scan Analysis for SPWG2XLP
Based on our trend formula, SPWG2XLP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).