Index Trend Analysis Report
Prepared for you on Saturday, December 15, 2018.
S&P GLOBAL AGRIBUSINESS EQUITY INDEX EUR (CME:SPAGREEP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.
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 SPAGREEP
The long term trend has been DOWN since Dec 7th, 2018 at 4451.97
The intermediate term trend has been DOWN since Dec 7th, 2018 at 4508.08
The short term trend has been UP since Dec 12th, 2018 at 4447.40
Smart Scan Analysis for SPAGREEP
Based on a pre-defined weighted trend formula for chart analysis, SPAGREEP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||4893.16||52wk High Date||2018-01-09|
|52wk Low||4261.52||52wk Low Date||2018-04-04|