Index Trend Analysis Report
Prepared for you on Thursday, October 22, 2020.
ProShares UltraPro Short S&P500 (GIF:SPXU)
Bear Market Rally (-75) - SPXU is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SPXU as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid SPXU?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPXU.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPXU
The long-term trend has been DOWN since Apr 14th, 2020 at 17.0880
The intermediate-term trend has been DOWN since Oct 6th, 2020 at 8.2843
The short-term trend has been UP since Oct 15th, 2020 at 8.0029
Smart Scan Analysis for SPXU
Based on our trend formula, SPXU is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).