Index Trend Analysis Report
Prepared for you on Thursday, December 12, 2019.
S&P GSCI Cotton ER (CME:SPGSCTP)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 SPGSCTP
The long term trend has been DOWN since May 9th, 2019 at 41.150
The intermediate term trend has been UP since Dec 12th, 2019 at 37.597
The short term trend has been UP since Dec 6th, 2019 at 36.796
Smart Scan Analysis for SPGSCTP
Based on a pre-defined weighted trend formula for chart analysis, SPGSCTP scored +70 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|