Index Trend Analysis Report
Prepared for you on Wednesday, April 25, 2018.
S&P GLOBAL AGRIBUSINESS EQUITY INDEX EUR (CME:SPAGREEP)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 Feb 5th, 2018 at 4563.56
The intermediate term trend has been UP since Apr 17th, 2018 at 4433.80
The short term trend has been DOWN since Apr 20th, 2018 at 4428.07
Smart Scan Analysis for SPAGREEP
Based on a pre-defined weighted trend formula for chart analysis, SPAGREEP scored +55 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|