Index Trend Analysis Report
Prepared for you on Wednesday, October 21, 2020.
ProShares VIX Short-Term Futures ETF (GIF:VIXY)
Bear Market Rally (-75) - VIXY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on VIXY as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid VIXY?
MarketClub looks at technical strength and momentum to determine if the timing is right for VIXY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for VIXY
The long-term trend has been DOWN since Jul 20th, 2020 at 23.632
The intermediate-term trend has been DOWN since Oct 8th, 2020 at 19.417
The short-term trend has been UP since Oct 19th, 2020 at 18.918
Smart Scan Analysis for VIXY
Based on our trend formula, VIXY is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).