Index Trend Analysis Report
Prepared for you on Friday, November 27, 2020.
S&P WCI Gold 2X Leveraged TR (CME:SPWG2XLT)
Long-Term Downtrend (-90) - SPWG2XLT is in a strong downtrend that is likely to continue. While SPWG2XLT is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SPWG2XLT?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPWG2XLT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPWG2XLT
The long-term trend has been DOWN since Nov 23rd, 2020 at 1372.99
The intermediate-term trend has been DOWN since Nov 19th, 2020 at 1386.83
The short-term trend has been DOWN since Nov 18th, 2020 at 1408.39
Smart Scan Analysis for SPWG2XLT
Based on our trend formula, SPWG2XLT is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).