Index Trend Analysis Report
Prepared for you on Thursday, November 23, 2017.
PROSHARES ULTRA-SHORT BLOOMBERG CRUDE OIL (PACF:SCO.IV)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 SCO.IV
The long term trend has been DOWN since Sep 14th, 2017 at 36.1170
The intermediate term trend has been DOWN since Sep 5th, 2017 at 37.6625
The short term trend has been DOWN since Nov 21st, 2017 at 27.9230
Smart Scan Analysis for SCO.IV
Based on a pre-defined weighted trend formula for chart analysis, SCO.IV scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||91.2853||52wk High Date||2016-11-29|
|52wk Low||26.7091||52wk Low Date||2017-11-08|