Index Trend Analysis Report
Prepared for you on Monday, June 1, 2020.
S&P/ASX Fixed Interest 0+ Ex-Supranational & Sovereign Bond Index (CME:SPBDAXST)
Sidelines Mode (+55) - SPBDAXST 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 SPBDAXST?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPBDAXST.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPBDAXST
The long-term trend has been DOWN since Mar 18th, 2020 at 158.47
The intermediate-term trend has been UP since May 4th, 2020 at 163.86
The short-term trend has been DOWN since May 27th, 2020 at 163.94
Smart Scan Analysis for SPBDAXST
Based on our trend formula, SPBDAXST is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).