Index Trend Analysis Report
Prepared for you on Wednesday, March 20, 2019.
S&P GSCI COCOA INDEX SPOT (CME:SPGSCC)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 SPGSCC
The long term trend has been UP since Nov 7th, 2018 at 94.1084
The intermediate term trend has been DOWN since Mar 4th, 2019 at 86.9207
The short term trend has been DOWN since Mar 15th, 2019 at 86.9600
Smart Scan Analysis for SPGSCC
Based on a pre-defined weighted trend formula for chart analysis, SPGSCC scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||115.4753||52wk High Date||2018-04-26|
|52wk Low||70.9741||52wk Low Date||2017-12-22|