Index Trend Analysis Report
Prepared for you on Wednesday, January 23, 2019.
S&P GSCI SOYBEANS INDEX EXCESS RETURN (CME:SPGSSOP)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.
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 UP since Dec 2nd, 2018 at 350.6455
The intermediate term trend has been DOWN since Dec 23rd, 2018 at 341.7986
The short term trend has been DOWN since Jan 22nd, 2019 at 345.5181
Smart Scan Analysis for SPGSSOP
Based on a pre-defined weighted trend formula for chart analysis, SPGSSOP scored +60 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|