Index Trend Analysis Report
Prepared for you on Saturday, November 27, 2021.
S&P/ASX Australian Fixed Interest 0-20 Year Index (CME:SPBA20T)
Long-Term Downtrend (-90) - SPBA20T is in a strong downtrend that is likely to continue. While SPBA20T is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SPBA20T?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPBA20T.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPBA20T
The long-term trend has been DOWN since Oct 5th, 2021 at 162.03
The intermediate-term trend has been DOWN since Aug 31st, 2021 at 164.17
The short-term trend has been DOWN since Nov 10th, 2021 at 159.03
Smart Scan Analysis for SPBA20T
Based on our trend formula, SPBA20T is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).