Index Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
S&P/ASX Australian Government Bond 0-20 Year Index (CME:SPBAS20T)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 SPBAS20T
The long term trend has been UP since Dec 3rd, 2018 at 142.45
The intermediate term trend has been DOWN since Jul 11th, 2019 at 154.16
The short term trend has been UP since Jul 17th, 2019 at 154.63
Smart Scan Analysis for SPBAS20T
Based on a pre-defined weighted trend formula for chart analysis, SPBAS20T scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).