Index Trend Analysis Report
Prepared for you on Thursday, June 17, 2021.
S&P/ASX Corporate Bond 1-5 Year Index (CME:SPBDC1T)
Sidelines Mode (+55) - SPBDC1T 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 SPBDC1T?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPBDC1T.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPBDC1T
The long-term trend has been UP since Jun 2nd, 2021 at 166.45
The intermediate-term trend has been UP since Mar 23rd, 2021 at 165.91
The short-term trend has been DOWN since Jun 14th, 2021 at 166.56
Smart Scan Analysis for SPBDC1T
Based on our trend formula, SPBDC1T is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).