Index Trend Analysis Report
Prepared for you on Friday, February 23, 2018.
PROSHARES ULTRA-SHORT BLOOMBERG CRUDE OIL (PACF:SCO.IV)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 SCO.IV
The long term trend has been DOWN since Sep 14th, 2017 at 36.1170
The intermediate term trend has been UP since Feb 7th, 2018 at 22.2951
The short term trend has been DOWN since Feb 14th, 2018 at 23.8509
Smart Scan Analysis for SCO.IV
Based on a pre-defined weighted trend formula for chart analysis, SCO.IV scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||52.024||52wk High Date||2017-06-21|
|52wk Low||19.9025||52wk Low Date||2018-01-25|