Index Trend Analysis Report
Prepared for you on Thursday, November 23, 2017.
S&P GSCI SOFTS INDEX TOTAL RETURN (CME:SPGSSFTR)
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 SPGSSFTR
The long term trend has been DOWN since Nov 23rd, 2016 at 70.35863
The intermediate term trend has been UP since Oct 30th, 2017 at 56.21267
The short term trend has been UP since Nov 22nd, 2017 at 57.43810
Smart Scan Analysis for SPGSSFTR
Based on a pre-defined weighted trend formula for chart analysis, SPGSSFTR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||72.98594||52wk High Date||2017-02-02|
|52wk Low||52.54021||52wk Low Date||2017-06-22|