Index Trend Analysis Report
Prepared for you on Monday, October 19, 2020.
ProShares Short MSCI Emerging Markets (GIF:EUM)
Bear Market Rally (-75) - EUM is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EUM as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid EUM?
MarketClub looks at technical strength and momentum to determine if the timing is right for EUM.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EUM
The long-term trend has been DOWN since Jun 2nd, 2020 at 18.067
The intermediate-term trend has been DOWN since Oct 8th, 2020 at 14.998
The short-term trend has been UP since Oct 15th, 2020 at 14.926
Smart Scan Analysis for EUM
Based on our trend formula, EUM is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).