Index Trend Analysis Report
Prepared for you on Monday, April 19, 2021.
S&P/ASX Government Bond 0-3 Year Index (CME:SPBDG3T)
Crossroads (-60) - SPBDG3T is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Apr 5th, 2021 at 132.39
The intermediate-term trend has been DOWN since Apr 13th, 2021 at 132.23
The short-term trend has been DOWN since Apr 8th, 2021 at 132.27
Smart Scan Analysis for SPBDG3T
Based on our trend formula, SPBDG3T is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).