Index Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
S&P GSCI LIVE CATTLE INDEX EXCESS RETURN (CME:SPGSLCP)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 SPGSLCP
The long term trend has been UP since Jul 2nd, 2018 at 339.1758
The intermediate term trend has been DOWN since Oct 10th, 2018 at 345.0689
The short term trend has been DOWN since Nov 5th, 2018 at 344.9207
Smart Scan Analysis for SPGSLCP
Based on a pre-defined weighted trend formula for chart analysis, SPGSLCP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||369.5444||52wk High Date||2017-11-30|
|52wk Low||299.2304||52wk Low Date||2018-04-04|