Index Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
S&P/ASX Government Bond 20+ Year Index (CME:SPBAG21T)
Long-Term Downtrend (-90) - SPBAG21T is in a strong downtrend that is likely to continue. While SPBAG21T 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 SPBAG21T?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPBAG21T.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPBAG21T
The long-term trend has been DOWN since Oct 4th, 2021 at 165.91
The intermediate-term trend has been DOWN since Aug 31st, 2021 at 175.84
The short-term trend has been DOWN since Oct 18th, 2021 at 162.03
Smart Scan Analysis for SPBAG21T
Based on our trend formula, SPBAG21T is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).