Index Trend Analysis Report
Prepared for you on Thursday, October 18, 2018.
S&P GSCI SOYBEAN MEAL DYNAMIC ROLL ER (CME:SPDYSMP)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 UP since Oct 7th, 2018 at 774.1562
The short term trend has been UP since Oct 15th, 2018 at 773.4301
Smart Scan Analysis for SPDYSMP
Based on a pre-defined weighted trend formula for chart analysis, SPDYSMP scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||950.1449||52wk High Date||2018-05-01|
|52wk Low||730.0984||52wk Low Date||2018-09-18|