Index Trend Analysis Report
Prepared for you on Wednesday, November 14, 2018.
S&P GLOBAL TIMBER & FORESTRY INDEX TRUST (CME:SPGTTFT)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 SPGTTFT
The long term trend has been DOWN since Jul 20th, 2018 at 3016.13
The intermediate term trend has been DOWN since Sep 18th, 2018 at 3063.38
The short term trend has been DOWN since Nov 8th, 2018 at 2648.28
Smart Scan Analysis for SPGTTFT
Based on a pre-defined weighted trend formula for chart analysis, SPGTTFT scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3295.71||52wk High Date||2018-06-07|
|52wk Low||2542.08||52wk Low Date||2018-11-13|