Index Trend Analysis Report
Prepared for you on Saturday, August 8, 2020.
S&P/ASX Australian Fixed Interest 15+ Year Index (CME:SPBA16T)
Countertrend Up (+85) - SPBA16T is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid SPBA16T?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPBA16T.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPBA16T
The long-term trend has been UP since Aug 4th, 2020 at 243.31
The intermediate-term trend has been UP since Jun 26th, 2020 at 241.60
The short-term trend has been DOWN since Aug 5th, 2020 at 241.94
Smart Scan Analysis for SPBA16T
Based on our trend formula, SPBA16T is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).