Index Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
S&P/ASX Australian Fixed Interest 0-20 Year Index (CME:SPBA20T)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 SPBA20T
The long term trend has been DOWN since Nov 5th, 2019 at 157.78
The intermediate term trend has been UP since Nov 18th, 2019 at 159.17
The short term trend has been DOWN since Dec 2nd, 2019 at 159.23
Smart Scan Analysis for SPBA20T
Based on a pre-defined weighted trend formula for chart analysis, SPBA20T scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).