Index Trend Analysis Report
Prepared for you on Friday, January 17, 2020.
S&P GSCI Kansas Wheat Dynamic Roll ER (CME:SPDYKWP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 SPDYKWP
The long term trend has been UP since Dec 16th, 2019 at 31.117
The intermediate term trend has been UP since Nov 25th, 2019 at 30.600
The short term trend has been DOWN since Jan 16th, 2020 at 33.621
Smart Scan Analysis for SPDYKWP
Based on a pre-defined weighted trend formula for chart analysis, SPDYKWP scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).