Index Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
S&P GSCI Soybeans Dynamic Roll ER (CME:SPDYSOP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 SPDYSOP
The long term trend has been DOWN since Mar 11th, 2019 at 207.540
The intermediate term trend has been UP since Sep 12th, 2019 at 200.420
The short term trend has been DOWN since Sep 18th, 2019 at 202.219
Smart Scan Analysis for SPDYSOP
Based on a pre-defined weighted trend formula for chart analysis, SPDYSOP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).