Index Trend Analysis Report
Prepared for you on Tuesday, May 18, 2021.
S&P/ASX Corporate Bond 0-10 Year Index (CME:SPBDC01T)
Strong Downtrend (-100) - SPBDC01T is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SPBDC01T?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPBDC01T.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPBDC01T
The long-term trend has been DOWN since Feb 24th, 2021 at 167.26
The intermediate-term trend has been DOWN since May 12th, 2021 at 167.43
The short-term trend has been DOWN since May 11th, 2021 at 167.70
Smart Scan Analysis for SPBDC01T
Based on our trend formula, SPBDC01T is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).