Index Trend Analysis Report
Prepared for you on Friday, July 20, 2018.
S&P GLOBAL TIMBER & FORESTRY EUR TRUST (CME:SPGTTFTE)
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 SPGTTFTE
The long term trend has been UP since May 25th, 2016 at 1912.95
The intermediate term trend has been DOWN since Jul 20th, 2018 at 3093.57
The short term trend has been DOWN since Jul 18th, 2018 at 3150.32
Smart Scan Analysis for SPGTTFTE
Based on a pre-defined weighted trend formula for chart analysis, SPGTTFTE scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3328.34||52wk High Date||2018-06-07|
|52wk Low||2395.42||52wk Low Date||2017-08-29|