Index Trend Analysis Report
Prepared for you on Tuesday, May 18, 2021.
S&P/ASX Australian Government Bond 15-20 Year Index (CME:SPBAS52T)
Long-Term Downtrend (-90) - SPBAS52T is in a strong downtrend that is likely to continue. While SPBAS52T 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 SPBAS52T?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPBAS52T.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPBAS52T
The long-term trend has been DOWN since Dec 1st, 2020 at 176.74
The intermediate-term trend has been DOWN since May 11th, 2021 at 161.25
The short-term trend has been DOWN since May 11th, 2021 at 162.66
Smart Scan Analysis for SPBAS52T
Based on our trend formula, SPBAS52T is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).