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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.

CME_SPBA16T
Open High Low SPBA16T Price Change
244.46 244.46 244.46 244.46 +1.41
Entry Signal

MarketClub’s Trade Triangles for SPBA16T

long term up The long-term trend has been UP since Aug 4th, 2020 at 243.31

intermediate term up The intermediate-term trend has been UP since Jun 26th, 2020 at 241.60

short term down 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).

+85
Smart Scan Analysis for SPBA16T
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
244.46 244.46 244.46 244.46 +1.41
Prev. Close Volume Bid Ask Time
240.22 0 2020-08-07 03:48:19
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