Index Trend Analysis Report
Prepared for you on Friday, March 22, 2019.
S&P GSCI ALL WHEAT INDEX SPOT (CME:SPGSWT)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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 SPGSWT
The long term trend has been DOWN since Feb 15th, 2019 at 330.0607
The intermediate term trend has been DOWN since Feb 14th, 2019 at 337.1413
The short term trend has been UP since Mar 12th, 2019 at 292.5063
Smart Scan Analysis for SPGSWT
Based on a pre-defined weighted trend formula for chart analysis, SPGSWT scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||394.0094||52wk High Date||2018-08-10|
|52wk Low||272.1722||52wk Low Date||2017-12-12|