Index Trend Analysis Report
Prepared for you on Monday, January 22, 2018.
S&P ASX CORPORATE BOND A RATING BAND TRUST (CME:SPBDAC3T)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 SPBDAC3T
The long term trend has been UP since Feb 9th, 2017 at 144.673
The intermediate term trend has been DOWN since Jan 21st, 2018 at 150.447
The short term trend has been DOWN since Jan 8th, 2018 at 150.995
Smart Scan Analysis for SPBDAC3T
Based on a pre-defined weighted trend formula for chart analysis, SPBDAC3T scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||151.439||52wk High Date||2017-11-30|
|52wk Low||143.235||52wk Low Date||2017-01-23|