Index Trend Analysis Report
Prepared for you on Friday, June 5, 2020.
ProShares UltraPro Short Dow30 (GIF:SDOW)
Long-Term Downtrend (-90) - SDOW is in a strong downtrend that is likely to continue. While SDOW is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SDOW?
MarketClub looks at technical strength and momentum to determine if the timing is right for SDOW.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SDOW
The long-term trend has been DOWN since Apr 17th, 2020 at 33.867
The intermediate-term trend has been DOWN since Apr 6th, 2020 at 44.728
The short-term trend has been DOWN since May 18th, 2020 at 31.987
Smart Scan Analysis for SDOW
Based on our trend formula, SDOW is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).