Index Trend Analysis Report
Prepared for you on Thursday, June 20, 2019.
S&P GSCI Cotton ER (CME:SPGSCTP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 SPGSCTP
The long term trend has been DOWN since May 9th, 2019 at 41.15
The intermediate term trend has been DOWN since Jun 11th, 2019 at 37.74
The short term trend has been UP since Jun 12th, 2019 at 38.27
Smart Scan Analysis for SPGSCTP
Based on a pre-defined weighted trend formula for chart analysis, SPGSCTP scored -85 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|