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Index Trend Analysis Report

Prepared for you on Saturday, January 22, 2022.

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

Long-Term Downtrend (-90) - SPBAC20T is in a strong downtrend that is likely to continue. While SPBAC20T 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 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
165.25 165.50 165.13 165.45 +0.38
Entry Signal

MarketClub’s Trade Triangles for SPBAC20T

long term down The long-term trend has been DOWN since Oct 7th, 2021 at 168.57

intermediate term down The intermediate-term trend has been DOWN since Jan 3rd, 2022 at 166.06

short term down The short-term trend has been DOWN since Jan 17th, 2022 at 165.70

Smart Scan Analysis for SPBAC20T

Based on our trend formula, SPBAC20T is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SPBAC20T
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
165.25 165.50 165.13 165.45 +0.38
Prev. Close Volume Bid Ask Time
165.59 0 2022-01-20 20:29:50
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