Index Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
S&P/ASX Australian Government Inflation-Linked Bond 0+ Index (CME:SPBAGI0T)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
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 SPBAGI0T
The long term trend has been UP since Dec 3rd, 2018 at 144.35
The intermediate term trend has been UP since Jul 23rd, 2019 at 158.26
The short term trend has been DOWN since Aug 18th, 2019 at 160.72
Smart Scan Analysis for SPBAGI0T
Based on a pre-defined weighted trend formula for chart analysis, SPBAGI0T scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).