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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.

CME_SPGTTFTE
Open High Low SPGTTFTE Price Change
2520.08 2529.21 2501.83 2520.08 +12.30
Entry Signal

MarketClub’s Trade Triangles for SPGTTFTE

long term down The long term trend has been DOWN since May 9th, 2019 at 2636.21

intermediate term down The intermediate term trend has been DOWN since Jul 18th, 2019 at 2512.64

short term down 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).

-100
Smart Scan Analysis for SPGTTFTE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2520.08 2529.21 2501.83 2520.08 +12.30
Prev. Close Volume Bid Ask Time
2407.41 0 2019-07-19 16:20:45
52wk High3328.3452wk High Date2018-06-07
52wk Low2606.452wk Low Date2018-11-28
Want to analyze S&P Global Timber and Forestry Index (EURO) (TR) SPGTTFTE or another symbol? Try our Free Index Trend Analysis Report.