Index Trend Analysis Report
Prepared for you on Wednesday, March 20, 2019.
S&P ASX CORPORATE BOND INDEX TRUST (CME:SPBDACPT)
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 SPBDACPT
The long term trend has been DOWN since Dec 18th, 2018 at 152.935
The intermediate term trend has been UP since Jan 25th, 2019 at 156.333
The short term trend has been UP since Mar 5th, 2019 at 157.749
Smart Scan Analysis for SPBDACPT
Based on a pre-defined weighted trend formula for chart analysis, SPBDACPT scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||154.544||52wk High Date||2018-10-30|
|52wk Low||149.408||52wk Low Date||2017-12-27|