Index Trend Analysis Report
Prepared for you on Tuesday, July 16, 2019.
S&P GSCI Cocoa ER (CME:SPGSCCP)
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 SPGSCCP
The long term trend has been UP since May 21st, 2019 at 8.2101
The intermediate term trend has been DOWN since Jul 15th, 2019 at 8.2931
The short term trend has been DOWN since Jul 11th, 2019 at 8.5839
Smart Scan Analysis for SPGSCCP
Based on a pre-defined weighted trend formula for chart analysis, SPGSCCP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||10.53505||52wk High Date||2018-04-26|
|52wk Low||6.67537||52wk Low Date||2017-12-22|