Index Trend Analysis Report
Prepared for you on Wednesday, December 19, 2018.
S&P GSCI COCOA INDEX EXCESS RETURN (CME:SPGSCCP)
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 SPGSCCP
The long term trend has been DOWN since Jul 20th, 2018 at 8.07329
The intermediate term trend has been UP since Dec 14th, 2018 at 7.72828
The short term trend has been UP since Dec 18th, 2018 at 7.80020
Smart Scan Analysis for SPGSCCP
Based on a pre-defined weighted trend formula for chart analysis, SPGSCCP scored +60 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|