Index Trend Analysis Report
Prepared for you on Sunday, May 19, 2019.
S&P LONG/SHORT MERGER ARBITRAGE INDEX LC (CME:SPLSALP)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
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 DOWN since May 16th, 2019 at 1341.40
The short term trend has been DOWN since May 7th, 2019 at 1348.86
Smart Scan Analysis for SPLSALP
Based on a pre-defined weighted trend formula for chart analysis, SPLSALP scored -70 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|