Index Trend Analysis Report
Prepared for you on Tuesday, May 18, 2021.
S&P/ASX Australian Government Bond 0-3 Year Index (CME:SPBDAG3T)
Bull Market Weakness (+75) - SPBDAG3T is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SPBDAG3T as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SPBDAG3T?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPBDAG3T.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPBDAG3T
The long-term trend has been DOWN since Apr 13th, 2021 at 130.62
The intermediate-term trend has been UP since May 13th, 2021 at 130.82
The short-term trend has been UP since May 13th, 2021 at 130.82
Smart Scan Analysis for SPBDAG3T
Based on our trend formula, SPBDAG3T is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).