Index Trend Analysis Report
Prepared for you on Friday, September 20, 2019.
S&P/ASX Government Bond 15-20 Year Index (CME:SPBAG52T)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for SPBAG52T
The long term trend has been UP since Dec 18th, 2018 at 145.11
The intermediate term trend has been DOWN since Sep 5th, 2019 at 178.63
The short term trend has been UP since Sep 17th, 2019 at 176.08
Smart Scan Analysis for SPBAG52T
Based on a pre-defined weighted trend formula for chart analysis, SPBAG52T scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).