Index Trend Analysis Report
Prepared for you on Saturday, January 18, 2020.
S&P WCI Gold Inverse ER (CME:SPWGC1IP)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for SPWGC1IP
The long term trend has been DOWN since Jun 3rd, 2019 at 162.91
The intermediate term trend has been DOWN since Dec 3rd, 2019 at 146.98
The short term trend has been DOWN since Jan 15th, 2020 at 140.26
Smart Scan Analysis for SPWGC1IP
Based on a pre-defined weighted trend formula for chart analysis, SPWGC1IP scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).