Index Trend Analysis Report
Prepared for you on Saturday, January 16, 2021.
S&P/ASX Government Bond 15+ Year Index (CME:SPBAG16T)
Long-Term Downtrend (-90) - SPBAG16T is in a strong downtrend that is likely to continue. While SPBAG16T 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 SPBAG16T?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPBAG16T.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPBAG16T
The long-term trend has been DOWN since Dec 1st, 2020 at 237.75
The intermediate-term trend has been DOWN since Nov 9th, 2020 at 242.89
The short-term trend has been DOWN since Jan 5th, 2021 at 238.50
Smart Scan Analysis for SPBAG16T
Based on our trend formula, SPBAG16T is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).