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Index Trend Analysis Report

Prepared for you on Thursday, April 18, 2024.

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

Weak Downtrend (-65) - SPBAC20T is showing signs of a strengthening downtrend. Monitor SPBAC20T as it may be building momentum to the downside.

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
167.29 167.57 167.21 167.27 +0.03
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 down The intermediate-term trend has been DOWN since Apr 11th, 2024 at 167.20

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 167.71

Smart Scan Analysis for SPBAC20T

Based on our trend formula, SPBAC20T is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for SPBAC20T
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
167.29 167.57 167.21 167.27 +0.03
Prev. Close Volume Bid Ask Time
167.24 0 2024-04-18 19:21:55
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