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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.

CME_SPWG2XLP
Open High Low SPWG2XLP Price Change
933.57 936.70 932.58 933.57 +4.40
Entry Signal

MarketClub’s Trade Triangles for SPWG2XLP

long term down The long-term trend has been DOWN since Nov 23rd, 2020 at 978.31

intermediate term up The intermediate-term trend has been UP since Apr 15th, 2021 at 861.20

short term down 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).

-55
Smart Scan Analysis for SPWG2XLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
933.57 936.70 932.58 933.57 +4.40
Prev. Close Volume Bid Ask Time
932.98 0 2021-05-14 11:29:43
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