Index Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
S&P GSCI COTTON INDEX TOTAL RETURN (CME:SPGSCTTR)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 SPGSCTTR
The long term trend has been UP since Sep 5th, 2017 at 305.9743
The intermediate term trend has been DOWN since Jun 17th, 2018 at 365.9887
The short term trend has been UP since Jul 6th, 2018 at 350.8494
Smart Scan Analysis for SPGSCTTR
Based on a pre-defined weighted trend formula for chart analysis, SPGSCTTR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||395.1362||52wk High Date||2018-05-30|
|52wk Low||273.0538||52wk Low Date||2017-07-17|