Index Trend Analysis Report
Prepared for you on Sunday, September 22, 2019.
S&P/ASX Corporate Bond AA Rating Band Index (CME:SPBDAC2T)
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 SPBDAC2T
The long term trend has been UP since Dec 19th, 2018 at 149.789
The intermediate term trend has been DOWN since Sep 5th, 2019 at 160.902
The short term trend has been UP since Sep 19th, 2019 at 160.430
Smart Scan Analysis for SPBDAC2T
Based on a pre-defined weighted trend formula for chart analysis, SPBDAC2T scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||149.149||52wk High Date||2018-10-30|
|52wk Low||144.429||52wk Low Date||2018-01-22|