Index Trend Analysis Report
Prepared for you on Sunday, May 28, 2017.
PROSHARES ULTRA-SHORT BLOOMBERG CRUDE OIL (PACF:SCO.IV)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 UP since May 4th, 2017 at 42.4918
The intermediate term trend has been DOWN since May 19th, 2017 at 37.4872
The short term trend has been UP since May 25th, 2017 at 36.4786
Smart Scan Analysis for SCO.IV
Based on a pre-defined weighted trend formula for chart analysis, SCO.IV scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||122.2839||52wk High Date||2016-08-02|
|52wk Low||31.3582||52wk Low Date||2017-02-21|