Index Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
S&P GLOBAL WATER INDEX (CME:SPGTAQUA)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 SPGTAQUA
The long term trend has been DOWN since Feb 5th, 2018 at 3870.40
The intermediate term trend has been UP since Mar 9th, 2018 at 3882.75
The short term trend has been DOWN since Mar 16th, 2018 at 3865.23
Smart Scan Analysis for SPGTAQUA
Based on a pre-defined weighted trend formula for chart analysis, SPGTAQUA scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||4077.9||52wk High Date||2018-01-24|
|52wk Low||3429.92||52wk Low Date||2017-03-23|