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Index Trend Analysis Report

Prepared for you on Saturday, August 20, 2022.

S&P/ASX Corporate Bond Index (CME:SPBDACPT)

Sidelines Mode (+55) - SPBDACPT is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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

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

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

CME_SPBDACPT
Open High Low SPBDACPT Price Change
160.87 160.89 160.72 160.89 -0.30
Entry Signal

MarketClub’s Trade Triangles for SPBDACPT

long term up The long-term trend has been UP since Aug 2nd, 2022 at 162.81

intermediate term up The intermediate-term trend has been UP since Jul 4th, 2022 at 159.21

short term down The short-term trend has been DOWN since Aug 19th, 2022 at 160.93

Smart Scan Analysis for SPBDACPT

Based on our trend formula, SPBDACPT is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for SPBDACPT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
160.87 160.89 160.72 160.89 -0.30
Prev. Close Volume Bid Ask Time
160.89 0 2022-08-19 03:39:57
52wk High154.54452wk High Date2018-10-30
52wk Low149.40852wk Low Date2017-12-27
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