Index Trend Analysis Report
Prepared for you on Sunday, September 24, 2017.
PROSHARES ULTRAPRO SHORT SP 500 IND VALUE (PACF:SPXU.IV)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 SPXU.IV
The long term trend has been DOWN since Nov 10th, 2016 at 22.6946
The intermediate term trend has been DOWN since Sep 11th, 2017 at 14.4642
The short term trend has been UP since Sep 22nd, 2017 at 14.1522
Smart Scan Analysis for SPXU.IV
Based on a pre-defined weighted trend formula for chart analysis, SPXU.IV scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||25.8252||52wk High Date||2016-11-04|
|52wk Low||13.9514||52wk Low Date||2017-09-20|