Index Trend Analysis Report
Prepared for you on Friday, August 23, 2019.
S&P GSCI Soybeans ER (CME:SPGSSOP)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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 SPGSSOP
The long term trend has been DOWN since Mar 8th, 2019 at 336.6488
The intermediate term trend has been DOWN since Jul 30th, 2019 at 321.0568
The short term trend has been DOWN since Aug 12th, 2019 at 316.4806
Smart Scan Analysis for SPGSSOP
Based on a pre-defined weighted trend formula for chart analysis, SPGSSOP scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||439.2203||52wk High Date||2018-03-02|
|52wk Low||319.267||52wk Low Date||2018-09-18|