Index Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
S&P GLOBAL TIMBER & FORESTRY INDEX USD (CME:SPGTTF)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 Jan 16th, 2019 at 1613.24
The short term trend has been UP since Feb 19th, 2019 at 1669.96
Smart Scan Analysis for SPGTTF
Based on a pre-defined weighted trend formula for chart analysis, SPGTTF scored +50 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|