Index Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
S&P GSCI Soybeans (CME:SPGSSO)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 Sep 9th, 2019 at 339.4536
The intermediate term trend has been UP since Sep 12th, 2019 at 349.2799
The short term trend has been DOWN since Sep 18th, 2019 at 352.7500
Smart Scan Analysis for SPGSSO
Based on a pre-defined weighted trend formula for chart analysis, SPGSSO scored -55 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|