Index Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
S&P GLOBAL AGRIBUSINESS INDEX EUR (CME:SPAGREP)
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 SPAGREP
The long term trend has been DOWN since Dec 18th, 2018 at 1625.14
The intermediate term trend has been DOWN since Feb 19th, 2019 at 1642.69
The short term trend has been UP since Feb 21st, 2019 at 1658.72
Smart Scan Analysis for SPAGREP
Based on a pre-defined weighted trend formula for chart analysis, SPAGREP scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1771.36||52wk High Date||2018-05-29|
|52wk Low||1565.84||52wk Low Date||2018-04-04|