Index Trend Analysis Report
Prepared for you on Wednesday, September 26, 2018.
S&P GSCI COCOA INDEX EXCESS RETURN (CME:SPGSCCP)
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 SPGSCCP
The long term trend has been DOWN since Jul 20th, 2018 at 8.07329
The intermediate term trend has been DOWN since Sep 19th, 2018 at 7.66659
The short term trend has been UP since Sep 24th, 2018 at 7.75687
Smart Scan Analysis for SPGSCCP
Based on a pre-defined weighted trend formula for chart analysis, SPGSCCP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||10.53505||52wk High Date||2018-04-26|
|52wk Low||6.67537||52wk Low Date||2017-12-22|