Index Trend Analysis Report
Prepared for you on Tuesday, July 16, 2019.
S&P Merger Arbitrage Index LCL (CME:SPLSALP)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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 SPLSALP
The long term trend has been UP since Jun 7th, 2018 at 1253.73
The intermediate term trend has been UP since Jun 4th, 2019 at 1347.83
The short term trend has been UP since Jun 27th, 2019 at 1351.84
Smart Scan Analysis for SPLSALP
Based on a pre-defined weighted trend formula for chart analysis, SPLSALP scored +90 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|