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Index Trend Analysis Report

Prepared for you on Monday, October 14, 2019.

S&P Merger Arbitrage Index LCL (CME:SPLSALP)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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.

CME_SPLSALP
Open High Low SPLSALP Price Change
1363.41 1364.37 1361.30 1363.41 +0.67
Entry Signal

MarketClub’s Trade Triangles for SPLSALP

long term up The long term trend has been UP since Jun 7th, 2018 at 1253.73

intermediate term up The intermediate term trend has been UP since Sep 4th, 2019 at 1361.53

short term down The short term trend has been DOWN since Oct 11th, 2019 at 1362.03

Smart Scan Analysis for SPLSALP

Based on a pre-defined weighted trend formula for chart analysis, SPLSALP scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+85
Smart Scan Analysis for SPLSALP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1363.41 1364.37 1361.30 1363.41 +0.67
Prev. Close Volume Bid Ask Time
1361.05 0 2019-10-14 08:44:07
52wk High1323.4800000052wk High Date2018-11-29
52wk Low1220.1300000052wk Low Date2018-04-24
Want to analyze S&P Merger Arbitrage Index LCL SPLSALP or another symbol? Try our Free Index Trend Analysis Report.