Index Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
S&P WCI Gold 2X Leveraged ER (CME:SPWG2XLP)
Strong Downtrend (-100) - SPWG2XLP 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 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 DOWN since Jan 11th, 2021 at 982.43
The short-term trend has been DOWN since Feb 25th, 2021 at 900.94
Smart Scan Analysis for SPWG2XLP
Based on our trend formula, SPWG2XLP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).