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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.

CME_SPGSSOP
Open High Low SPGSSOP Price Change
311.8147 312.7120 311.6352 312.4428 +0.6281
Entry Signal

MarketClub’s Trade Triangles for SPGSSOP

long term down The long term trend has been DOWN since Mar 8th, 2019 at 336.6488

intermediate term down The intermediate term trend has been DOWN since Jul 30th, 2019 at 321.0568

short term down 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).

-90
Smart Scan Analysis for SPGSSOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
311.8147 312.7120 311.6352 312.4428 +0.6281
Prev. Close Volume Bid Ask Time
316.9043 0 2019-08-23 00:22:51
52wk High439.220352wk High Date2018-03-02
52wk Low319.26752wk Low Date2018-09-18
Want to analyze S&P GSCI Soybeans ER SPGSSOP or another symbol? Try our Free Index Trend Analysis Report.