Index Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
S&P GSCI Cotton ER (CME:SPGSCTP)
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 SPGSCTP
The long term trend has been UP since Dec 19th, 2019 at 38.266
The intermediate term trend has been DOWN since Jan 27th, 2020 at 39.002
The short term trend has been DOWN since Feb 14th, 2020 at 38.332
Smart Scan Analysis for SPGSCTP
Based on a pre-defined weighted trend formula for chart analysis, SPGSCTP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||56.83961||52wk High Date||2018-05-30|
|52wk Low||42.93058||52wk Low Date||2017-12-07|