Index Trend Analysis Report
Prepared for you on Sunday, April 5, 2020.
S&P WCI Gold 2X Leveraged ER (CME:SPWG2XLP)
Weak Downtrend (-65) - SPWG2XLP is showing signs of a strengthening downtrend. Monitor SPWG2XLP as it may be building momentum to the downside.
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 Mar 17th, 2020 at 631.20
The intermediate-term trend has been DOWN since Mar 12th, 2020 at 733.82
The short-term trend has been DOWN since Mar 31st, 2020 at 733.57
Smart Scan Analysis for SPWG2XLP
Based on our trend formula, SPWG2XLP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).