Index Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
S&P GSCI SOYBEANS INDEX EXCESS RETURN (CME:SPGSSOP)
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 SPGSSOP
The long term trend has been DOWN since Mar 8th, 2019 at 336.6488
The intermediate term trend has been DOWN since Feb 19th, 2019 at 343.9848
The short term trend has been UP since May 24th, 2019 at 307.1861
Smart Scan Analysis for SPGSSOP
Based on a pre-defined weighted trend formula for chart analysis, SPGSSOP scored -55 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|