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.
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 Sep 4th, 2019 at 1361.53
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).
|52wk High||1323.48000000||52wk High Date||2018-11-29|
|52wk Low||1220.13000000||52wk Low Date||2018-04-24|