Index Trend Analysis Report
Prepared for you on Friday, July 30, 2021.
S&P Merger Arbitrage Index LCL (CME:SPLSALP)
Crossroads (-60) - SPLSALP 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 SPLSALP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPLSALP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPLSALP
The long-term trend has been UP since Jul 29th, 2020 at 1405.56
The intermediate-term trend has been DOWN since Jun 21st, 2021 at 1516.75
The short-term trend has been DOWN since Jul 27th, 2021 at 1512.86
Smart Scan Analysis for SPLSALP
Based on our trend formula, SPLSALP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1323.48||52wk High Date||2018-11-29|
|52wk Low||1220.13||52wk Low Date||2018-04-24|