Index Trend Analysis Report
Prepared for you on Tuesday, January 26, 2021.
S&P/ASX Government Bond 1-5 Year Index (CME:SPBDG1T)
Sidelines Mode (+55) - SPBDG1T 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 SPBDG1T?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPBDG1T.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPBDG1T
The long-term trend has been UP since Dec 18th, 2018 at 133.77
The intermediate-term trend has been UP since Dec 23rd, 2020 at 143.45
The short-term trend has been DOWN since Jan 21st, 2021 at 143.32
Smart Scan Analysis for SPBDG1T
Based on our trend formula, SPBDG1T is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).