Index Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
S&P Global Timber and Forestry Index (EURO) (TR) (CME:SPGTTFTE)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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 Jul 18th, 2019 at 2512.64
The short term trend has been DOWN since Jul 16th, 2019 at 2535.99
Smart Scan Analysis for SPGTTFTE
Based on a pre-defined weighted trend formula for chart analysis, SPGTTFTE scored -100 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|