Index Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
S&P GSCI Agriculture ER (CME:SPGSAGP)
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 SPGSAGP
The long term trend has been UP since Dec 12th, 2019 at 31.223
The intermediate term trend has been UP since Dec 10th, 2019 at 30.707
The short term trend has been DOWN since Jan 16th, 2020 at 31.910
Smart Scan Analysis for SPGSAGP
Based on a pre-defined weighted trend formula for chart analysis, SPGSAGP scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||39.8736||52wk High Date||2018-05-29|
|52wk Low||32.27647||52wk Low Date||2018-09-18|