Index Trend Analysis Report
Prepared for you on Tuesday, May 21, 2019.
S&P GLOBAL TIMBER & FORESTRY EUR TRUST (CME:SPGTTFTE)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 SPGTTFTE
The long term trend has been DOWN since May 9th, 2019 at 2636.21
The intermediate term trend has been DOWN since Apr 22nd, 2019 at 2708.68
The short term trend has been DOWN since Apr 30th, 2019 at 2743.68
Smart Scan Analysis for SPGTTFTE
Based on a pre-defined weighted trend formula for chart analysis, SPGTTFTE scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3328.34||52wk High Date||2018-06-07|
|52wk Low||2606.4||52wk Low Date||2018-11-28|