Index Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
S&P/ASX Government Bond 0-3 Year Index (CME:SPBDG3T)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for SPBDG3T
The long term trend has been UP since Dec 3rd, 2018 at 126.36
The intermediate term trend has been UP since Sep 23rd, 2019 at 130.15
The short term trend has been DOWN since Oct 9th, 2019 at 130.42
Smart Scan Analysis for SPBDG3T
Based on a pre-defined weighted trend formula for chart analysis, SPBDG3T scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).