Index Trend Analysis Report
Prepared for you on Wednesday, November 14, 2018.
S&P GLOBAL AGRIBUSINESS INDEX EUR (CME:SPAGREP)
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 SPAGREP
The long term trend has been UP since May 18th, 2018 at 1695.59
The intermediate term trend has been UP since Sep 27th, 2018 at 1655.01
The short term trend has been DOWN since Nov 13th, 2018 at 1699.23
Smart Scan Analysis for SPAGREP
Based on a pre-defined weighted trend formula for chart analysis, SPAGREP scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1771.36||52wk High Date||2018-05-29|
|52wk Low||1565.84||52wk Low Date||2018-04-04|