Index Trend Analysis Report
Prepared for you on Thursday, May 23, 2019.
S&P GSCI SOYBEANS INDEX SPOT (CME:SPGSSO)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Apr 23rd, 2019 at 350.5702
The intermediate term trend has been DOWN since Apr 23rd, 2019 at 350.8680
The short term trend has been DOWN since May 17th, 2019 at 328.3370
Smart Scan Analysis for SPGSSO
Based on a pre-defined weighted trend formula for chart analysis, SPGSSO scored -100 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|