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Index Trend Analysis Report

Prepared for you on Friday, August 23, 2019.

S&P GSCI Grains ER (CME:SPGSGRP)

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.

CME_SPGSGRP
Open High Low SPGSGRP Price Change
18.58 18.60 18.56 18.59 +0.01
Entry Signal

MarketClub’s Trade Triangles for SPGSGRP

long term up The long term trend has been UP since May 28th, 2019 at 21.40

intermediate term down The intermediate term trend has been DOWN since Jul 18th, 2019 at 20.43

short term down The short term trend has been DOWN since Aug 12th, 2019 at 19.96

Smart Scan Analysis for SPGSGRP

Based on a pre-defined weighted trend formula for chart analysis, SPGSGRP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for SPGSGRP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
18.58 18.60 18.56 18.59 +0.01
Prev. Close Volume Bid Ask Time
20.75 0 2019-08-23 01:02:45
52wk High25.353952wk High Date2018-05-29
52wk Low20.3237452wk Low Date2018-09-18
Want to analyze S&P GSCI Grains ER SPGSGRP or another symbol? Try our Free Index Trend Analysis Report.