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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.
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MarketClub’s Trade Triangles for SPBAC20T
The long-term trend has been DOWN since Oct 7th, 2021 at 168.57
The intermediate-term trend has been DOWN since Jan 3rd, 2022 at 166.06
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).
| 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 |