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Index Trend Analysis Report

Prepared for you on Friday, May 24, 2024.

S&P/ASX Corporate Bond 0-20 Year Index (CME:SPBAC20T)

Countertrend Up (+85) - SPBAC20T 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 SPBAC20T?

MarketClub looks at technical strength and momentum to determine if the timing is right for SPBAC20T.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_SPBAC20T
Open High Low SPBAC20T Price Change
168.23 168.35 168.19 168.35 +0.11
Entry Signal

MarketClub’s Trade Triangles for SPBAC20T

long term up The long-term trend has been UP since Aug 31st, 2023 at 161.83

intermediate term up The intermediate-term trend has been UP since May 7th, 2024 at 167.82

short term down The short-term trend has been DOWN since May 20th, 2024 at 168.46

Smart Scan Analysis for SPBAC20T

Based on our trend formula, SPBAC20T is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for SPBAC20T
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
168.23 168.35 168.19 168.35 +0.11
Prev. Close Volume Bid Ask Time
168.24 0 2024-05-24 03:50:36
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