Index Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
S&P GSCI SOFTS INDEX TOTAL RETURN (CME:SPGSSFTR)
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 SPGSSFTR
The long term trend has been DOWN since Jul 2nd, 2018 at 53.81124
The intermediate term trend has been UP since Oct 8th, 2018 at 51.56532
The short term trend has been UP since Oct 12th, 2018 at 52.92861
Smart Scan Analysis for SPGSSFTR
Based on a pre-defined weighted trend formula for chart analysis, SPGSSFTR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||60.00628||52wk High Date||2018-06-01|
|52wk Low||48.12779||52wk Low Date||2018-10-01|