Index Trend Analysis Report
Prepared for you on Monday, February 18, 2019.
S&P GSCI SOYBEANS INDEX SPOT (CME:SPGSSO)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 SPGSSO
The long term trend has been UP since Feb 12th, 2019 at 370.5206
The intermediate term trend has been UP since Jan 6th, 2019 at 366.1533
The short term trend has been DOWN since Feb 15th, 2019 at 364.3668
Smart Scan Analysis for SPGSSO
Based on a pre-defined weighted trend formula for chart analysis, SPGSSO scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||429.776||52wk High Date||2018-03-02|
|52wk Low||322.4809||52wk Low Date||2018-09-18|