Index Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
S&P Global Timber and Forestry Index (CME:SPGTTF)
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 SPGTTF
The long term trend has been DOWN since Dec 20th, 2018 at 1497.67
The intermediate term trend has been UP since Aug 30th, 2019 at 1438.73
The short term trend has been DOWN since Sep 17th, 2019 at 1524.12
Smart Scan Analysis for SPGTTF
Based on a pre-defined weighted trend formula for chart analysis, SPGTTF scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2161.73||52wk High Date||2018-06-07|
|52wk Low||1604.93||52wk Low Date||2018-11-28|