Index Trend Analysis Report
Prepared for you on Thursday, July 19, 2018.
S&P GSCI GRAINS INDEX EXCESS RETURN (CME:SPGSGRP)
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 SPGSGRP
The long term trend has been DOWN since Jun 14th, 2018 at 22.89495
The intermediate term trend has been DOWN since Jun 4th, 2018 at 23.68657
The short term trend has been UP since Jul 16th, 2018 at 20.99296
Smart Scan Analysis for SPGSGRP
Based on a pre-defined weighted trend formula for chart analysis, SPGSGRP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||26.88058||52wk High Date||2017-07-20|
|52wk Low||20.43394||52wk Low Date||2018-07-12|