Index Trend Analysis Report
Prepared for you on Tuesday, July 17, 2018.
PROSHARES ULTRAPRO SHORT RUSSELL IND VALUE (PACF:SRTY.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 SRTY.IV
The long term trend has been DOWN since Mar 12th, 2018 at 27.6860
The intermediate term trend has been DOWN since Jul 9th, 2018 at 21.9198
The short term trend has been UP since Jul 12th, 2018 at 22.7648
Smart Scan Analysis for SRTY.IV
Based on a pre-defined weighted trend formula for chart analysis, SRTY.IV scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||49.1383||52wk High Date||2017-08-18|
|52wk Low||21.7704||52wk Low Date||2018-07-10|