Index Trend Analysis Report
Prepared for you on Tuesday, December 11, 2018.
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 UP since Oct 10th, 2018 at 9.65641
The intermediate term trend has been DOWN since Nov 6th, 2018 at 9.61221
The short term trend has been DOWN since Dec 7th, 2018 at 9.31740
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||12.40555||52wk High Date||2018-01-03|
|52wk Low||7.81972||52wk Low Date||2018-08-22|