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Index Trend Analysis Report

Prepared for you on Thursday, May 23, 2024.

S&P/ASX Corporate Issuer Equal-Weight Index (CME:SPBDACET)

Countertrend Up (+85) - SPBDACET is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid SPBDACET?

MarketClub looks at technical strength and momentum to determine if the timing is right for SPBDACET.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_SPBDACET
Open High Low SPBDACET Price Change
175.36 175.60 175.36 175.60 +0.23
Entry Signal

MarketClub’s Trade Triangles for SPBDACET

long term up The long-term trend has been UP since Sep 1st, 2023 at 168.27

intermediate term up The intermediate-term trend has been UP since May 7th, 2024 at 174.75

short term down The short-term trend has been DOWN since May 20th, 2024 at 175.50

Smart Scan Analysis for SPBDACET

Based on our trend formula, SPBDACET is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for SPBDACET
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
175.36 175.60 175.36 175.60 +0.23
Prev. Close Volume Bid Ask Time
175.37 0 2024-05-23 03:48:52
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