Index Trend Analysis Report
Prepared for you on Monday, February 18, 2019.
S&P GSCI CORN INDEX EXCESS RETURN (CME:SPGSCNP)
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 SPGSCNP
The long term trend has been UP since Dec 18th, 2018 at 6.732953
The intermediate term trend has been DOWN since Dec 26th, 2018 at 6.468900
The short term trend has been DOWN since Feb 15th, 2019 at 6.465900
Smart Scan Analysis for SPGSCNP
Based on a pre-defined weighted trend formula for chart analysis, SPGSCNP scored -60 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|