Index Trend Analysis Report
Prepared for you on Thursday, December 8, 2022.
S&P/ASX Government Bond 0-3 Year Index (CME:SPBDG3T)
Long-Term Uptrend (+90) - SPBDG3T is in a strong uptrend that is likely to continue. While SPBDG3T is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid SPBDG3T?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPBDG3T.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPBDG3T
The long-term trend has been UP since Aug 1st, 2022 at 129.93
The intermediate-term trend has been UP since Oct 4th, 2022 at 129.39
The short-term trend has been UP since Nov 28th, 2022 at 130.04
Smart Scan Analysis for SPBDG3T
Based on our trend formula, SPBDG3T is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).