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Index Trend Analysis Report

Prepared for you on Monday, January 20, 2020.

S&P/ASX Corporate Bond A Rating Band Index (CME:SPBDAC3T)

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.

CME_SPBDAC3T
Open High Low SPBDAC3T Price Change
169.13 169.13 168.81 168.90 +0.03
Entry Signal

MarketClub’s Trade Triangles for SPBDAC3T

long term down The long term trend has been DOWN since Nov 7th, 2019 at 166.88

intermediate term up The intermediate term trend has been UP since Jan 7th, 2020 at 168.79

short term up The short term trend has been UP since Jan 15th, 2020 at 168.91

Smart Scan Analysis for SPBDAC3T

Based on a pre-defined weighted trend formula for chart analysis, SPBDAC3T scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for SPBDAC3T
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
169.13 169.13 168.81 168.90 +0.03
Prev. Close Volume Bid Ask Time
168.58 0 2020-01-16 20:29:35
52wk High155.21352wk High Date2018-10-30
52wk Low150.16752wk Low Date2018-01-22
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