Index Trend Analysis Report
Prepared for you on Tuesday, January 28, 2020.
S&P Global Timber and Forestry Index (TR) (CME:SPGTTFT)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 SPGTTFT
The long term trend has been UP since Oct 18th, 2019 at 2501.31
The intermediate term trend has been DOWN since Jan 6th, 2020 at 2717.57
The short term trend has been DOWN since Jan 21st, 2020 at 2713.13
Smart Scan Analysis for SPGTTFT
Based on a pre-defined weighted trend formula for chart analysis, SPGTTFT scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3295.71||52wk High Date||2018-06-07|
|52wk Low||2464.96||52wk Low Date||2018-11-28|