Index Trend Analysis Report
Prepared for you on Friday, January 28, 2022.
S&P/ASX Corporate Bond 0+ BBB Rating Band Index (CME:SPBDC3BT)
Long-Term Downtrend (-90) - SPBDC3BT is in a strong downtrend that is likely to continue. While SPBDC3BT is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SPBDC3BT?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPBDC3BT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPBDC3BT
The long-term trend has been DOWN since Oct 4th, 2021 at 182.12
The intermediate-term trend has been DOWN since Jan 3rd, 2022 at 179.21
The short-term trend has been DOWN since Jan 17th, 2022 at 178.60
Smart Scan Analysis for SPBDC3BT
Based on our trend formula, SPBDC3BT is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).