Index Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
S&P GSCI SUGAR INDEX EXCESS RETURN (CME:SPGSSBP)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 SPGSSBP
The long term trend has been DOWN since Dec 1st, 2016 at 16.55358
The intermediate term trend has been DOWN since Jul 2nd, 2018 at 9.43569
The short term trend has been DOWN since Jul 16th, 2018 at 8.60800
Smart Scan Analysis for SPGSSBP
Based on a pre-defined weighted trend formula for chart analysis, SPGSSBP scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||12.68787||52wk High Date||2017-08-01|
|52wk Low||8.56859||52wk Low Date||2018-07-16|