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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.

GIF_SDS
Open High Low SDS Price Change
19.525 19.648 18.394 18.618 -1.029
Entry Signal

MarketClub’s Trade Triangles for SDS

long term down The long-term trend has been DOWN since Apr 29th, 2020 at 22.409

intermediate term down The intermediate-term trend has been DOWN since Apr 6th, 2020 at 29.158

short term down 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).

-90
Smart Scan Analysis for SDS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
19.525 19.648 18.394 18.618 -1.029
Prev. Close Volume Bid Ask Time
29.493 0 2020-06-05 19:14:43
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