Index Trend Analysis Report
Prepared for you on Monday, June 1, 2020.
S&P/ASX Government Bond 0-20 Year Index (CME:SPBAG20T)
Countertrend Up (+85) - SPBAG20T 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 SPBAG20T?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPBAG20T.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPBAG20T
The long-term trend has been UP since Feb 3rd, 2020 at 161.30
The intermediate-term trend has been UP since May 4th, 2020 at 162.80
The short-term trend has been DOWN since May 27th, 2020 at 162.85
Smart Scan Analysis for SPBAG20T
Based on our trend formula, SPBAG20T is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).