Index Trend Analysis Report
Prepared for you on Wednesday, August 12, 2020.
ProShares UltraShort Bloomberg Crude Oil (GIF:SCO)
Strong Downtrend (-100) - SCO is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SCO?
MarketClub looks at technical strength and momentum to determine if the timing is right for SCO.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SCO
The long-term trend has been DOWN since Jun 19th, 2020 at 18.221
The intermediate-term trend has been DOWN since Aug 5th, 2020 at 15.495
The short-term trend has been DOWN since Aug 4th, 2020 at 16.123
Smart Scan Analysis for SCO
Based on our trend formula, SCO is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).