Index Trend Analysis Report
Prepared for you on Friday, November 22, 2019.
S&P/ASX Supranational & Sovereign Bond Index (CME:SPBDASAT)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 SPBDASAT
The long term trend has been DOWN since Nov 7th, 2019 at 159.38
The intermediate term trend has been UP since Nov 14th, 2019 at 160.56
The short term trend has been UP since Nov 12th, 2019 at 159.97
Smart Scan Analysis for SPBDASAT
Based on a pre-defined weighted trend formula for chart analysis, SPBDASAT scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||148.277||52wk High Date||2018-11-29|
|52wk Low||143.107||52wk Low Date||2018-01-22|