Index Trend Analysis Report
Prepared for you on Thursday, October 18, 2018.
S&P GSCI COTTON INDEX EXCESS RETURN (CME:SPGSCTP)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 SPGSCTP
The long term trend has been DOWN since Aug 15th, 2018 at 49.19688
The intermediate term trend has been DOWN since Aug 10th, 2018 at 51.85952
The short term trend has been DOWN since Oct 17th, 2018 at 46.90244
Smart Scan Analysis for SPGSCTP
Based on a pre-defined weighted trend formula for chart analysis, SPGSCTP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||56.83961||52wk High Date||2018-05-30|
|52wk Low||39.91624||52wk Low Date||2017-10-20|