Index Trend Analysis Report
Prepared for you on Friday, June 5, 2020.
ProShares UltraShort S&P500 (GIF:SDS)
Long-Term Downtrend (-90) - SDS is in a strong downtrend that is likely to continue. While SDS 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 SDS?
MarketClub looks at technical strength and momentum to determine if the timing is right for SDS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SDS
The long-term trend has been DOWN since Apr 29th, 2020 at 22.409
The intermediate-term trend has been DOWN since Apr 6th, 2020 at 29.158
The short-term trend has been DOWN since May 18th, 2020 at 22.466
Smart Scan Analysis for SDS
Based on our trend formula, SDS is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).