Index Trend Analysis Report
Prepared for you on Wednesday, December 19, 2018.
S&P GSCI SOFTS INDEX EXCESS RETURN (CME:SPGSSFP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 SPGSSFP
The long term trend has been UP since Oct 24th, 2018 at 31.96562
The intermediate term trend has been UP since Dec 18th, 2018 at 30.09120
The short term trend has been UP since Dec 18th, 2018 at 29.45000
Smart Scan Analysis for SPGSSFP
Based on a pre-defined weighted trend formula for chart analysis, SPGSSFP scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||34.45859||52wk High Date||2018-01-05|
|52wk Low||27.43701||52wk Low Date||2018-10-01|