Index Trend Analysis Report
Prepared for you on Sunday, June 16, 2019.
S&P GSCI Corn ER (CME:SPGSCNP)
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 SPGSCNP
The long term trend has been UP since May 24th, 2019 at 6.5807
The intermediate term trend has been UP since May 15th, 2019 at 6.1331
The short term trend has been DOWN since Jun 11th, 2019 at 6.7481
Smart Scan Analysis for SPGSCNP
Based on a pre-defined weighted trend formula for chart analysis, SPGSCNP scored +85 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|