Index Trend Analysis Report
Prepared for you on Monday, May 21, 2018.
S&P GSCI SOFTS INDEX EXCESS RETURN (CME:SPGSSFP)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 DOWN since Apr 4th, 2018 at 31.73821
The intermediate term trend has been UP since May 1st, 2018 at 32.40450
The short term trend has been UP since May 16th, 2018 at 31.64198
Smart Scan Analysis for SPGSSFP
Based on a pre-defined weighted trend formula for chart analysis, SPGSSFP scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||36.62564||52wk High Date||2017-05-22|
|52wk Low||30.55343||52wk Low Date||2017-06-22|