Index Trend Analysis Report
Prepared for you on Tuesday, August 20, 2019.
S&P GSCI Corn ER (CME:SPGSCNP)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 SPGSCNP
The long term trend has been UP since May 24th, 2019 at 6.5807
The intermediate term trend has been DOWN since Jul 1st, 2019 at 6.7481
The short term trend has been DOWN since Aug 20th, 2019 at 5.8786
Smart Scan Analysis for SPGSCNP
Based on a pre-defined weighted trend formula for chart analysis, SPGSCNP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||7.79186||52wk High Date||2018-05-24|
|52wk Low||6.08999||52wk Low Date||2018-09-18|