Index Trend Analysis Report
Prepared for you on Tuesday, January 22, 2019.
S&P GSCI ALL WHEAT INDEX SPOT (CME:SPGSWT)
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 SPGSWT
The long term trend has been UP since Jan 29th, 2018 at 297.7730
The intermediate term trend has been DOWN since Dec 24th, 2018 at 337.1537
The short term trend has been DOWN since Jan 17th, 2019 at 335.6889
Smart Scan Analysis for SPGSWT
Based on a pre-defined weighted trend formula for chart analysis, SPGSWT scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||394.0094||52wk High Date||2018-08-10|
|52wk Low||272.1722||52wk Low Date||2017-12-12|