Index Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
S&P/ASX Australian Fixed Interest 15-20 Year Index (CME:SPBA52T)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management 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 SPBA52T
The long term trend has been UP since Dec 3rd, 2018 at 141.17
The intermediate term trend has been UP since Jul 21st, 2019 at 171.48
The short term trend has been DOWN since Aug 19th, 2019 at 180.96
Smart Scan Analysis for SPBA52T
Based on a pre-defined weighted trend formula for chart analysis, SPBA52T scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).