Index Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
S&P GSCI SOYBEAN MEAL DYNAMIC ROLL ER (CME:SPDYSMP)
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 SPDYSMP
The long term trend has been DOWN since Jun 13th, 2018 at 857.4301
The intermediate term trend has been DOWN since Aug 12th, 2018 at 781.4184
The short term trend has been UP since Aug 14th, 2018 at 797.6375
Smart Scan Analysis for SPDYSMP
Based on a pre-defined weighted trend formula for chart analysis, SPDYSMP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||950.1449||52wk High Date||2018-05-01|
|52wk Low||722.9938||52wk Low Date||2017-08-23|