Index Trend Analysis Report
Prepared for you on Friday, December 14, 2018.
S&P GSCI COTTON INDEX EXCESS RETURN (CME:SPGSCTP)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 UP since Dec 2nd, 2018 at 47.08698
The short term trend has been DOWN since Dec 6th, 2018 at 46.81000
Smart Scan Analysis for SPGSCTP
Based on a pre-defined weighted trend formula for chart analysis, SPGSCTP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||56.83961||52wk High Date||2018-05-30|
|52wk Low||42.93058||52wk Low Date||2017-12-07|