Index Trend Analysis Report
Prepared for you on Thursday, March 4, 2021.
ProShares UltraPro Short Dow30 (GIF:SDOW)
Sidelines Mode (-55) - SDOW is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Sep 2nd, 2020 at 16.840
The intermediate-term trend has been DOWN since Nov 9th, 2020 at 16.266
The short-term trend has been UP since Feb 26th, 2021 at 11.795
Smart Scan Analysis for SDOW
Based on our trend formula, SDOW is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).