Index Trend Analysis Report
Prepared for you on Tuesday, August 21, 2018.
S&P GSCI WHEAT INDEX TOTAL RETURN (CME:SPGSWHTR)
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 SPGSWHTR
The long term trend has been UP since Aug 2nd, 2018 at 84.9683
The intermediate term trend has been UP since Jul 20th, 2018 at 76.9152
The short term trend has been UP since Aug 16th, 2018 at 80.9994
Smart Scan Analysis for SPGSWHTR
Based on a pre-defined weighted trend formula for chart analysis, SPGSWHTR scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||88.4801||52wk High Date||2018-08-02|
|52wk Low||66.3661||52wk Low Date||2017-12-12|