Index Trend Analysis Report
Prepared for you on Sunday, November 19, 2017.
S&P GSCI SUGAR INDEX EXCESS RETURN (CME:SPGSSBP)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 SPGSSBP
The long term trend has been DOWN since Dec 1st, 2016 at 16.55358
The intermediate term trend has been UP since Oct 27th, 2017 at 11.74369
The short term trend has been UP since Nov 7th, 2017 at 11.84862
Smart Scan Analysis for SPGSSBP
Based on a pre-defined weighted trend formula for chart analysis, SPGSSBP scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||18.23359||52wk High Date||2017-02-06|
|52wk Low||10.66953||52wk Low Date||2017-06-28|