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Index Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

S&P Merger Arbitrage - Long Index (CME:SPLSALUP)

Crossroads (-60) - SPLSALUP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid SPLSALUP?

MarketClub looks at technical strength and momentum to determine if the timing is right for SPLSALUP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_SPLSALUP
Open High Low SPLSALUP Price Change
2812.25 2813.62 2802.10 2809.12 -3.71
Entry Signal

MarketClub’s Trade Triangles for SPLSALUP

long term up The long-term trend has been UP since Jun 16th, 2023 at 2602.30

intermediate term down The intermediate-term trend has been DOWN since Apr 15th, 2024 at 2824.22

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 2868.72

Smart Scan Analysis for SPLSALUP

Based on our trend formula, SPLSALUP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for SPLSALUP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2812.25 2813.62 2802.10 2809.12 -3.71
Prev. Close Volume Bid Ask Time
2812.83 0 2024-04-24 16:19:57
52wk High2014.1552wk High Date2018-01-26
52wk Low1876.6552wk Low Date2018-11-23
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