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When Investors Make Decisions in Proshares Ultra S&p500 $SSO Opportunities Surface

Influential Investors can create defining moments in a stock's price, by simply making large buy and sell decisions, and Proshares Ultra S&p500 (NYSE: SSO) is no exception.  Pivot points in a chart pattern are often created by these events, and as we have learned this does not require institutional investment decisions.  For SSO like every other stock, smaller investors can be heard as well, but one thing is the same.  No matter what class of influential investor is speaking, we can hear what they are saying with their pocketbooks by looking at price action; that is exactly what we have done below.  This changes over time, so we suggest updating the data for the most actionable results, but this static example also demonstrates how this is done.  For an update, please request Unlimited Real Time Reports

Technical Summary

Term →Near Mid Long
Rating Neutral Neutral Strong
P1 0 0 92.16
P2 95.51 94.83 97.88
P3 98.99 98.16 103.63
Triggers may have already come
Support and Resistance Plot Chart for SSO

Long Term Trading Plans for SSO

March 2, 2021, 1:30 pm ET

The Technical Summary and Trading Plans for SSO help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this SSO Report.

SSO - (Long) Support Plan

The technical summary data tells us to buy SSO near 97.88 with an upside target of 103.63. This data also tells us to set a stop loss @ 97.6 to protect against excessive loss in case the stock begins to move against the trade. 97.88 is the first level of support below 98.19 , and by rule, any test of support is a buy signal. In this case, support 97.88 is being tested, a buy signal would exist.

SSO - (Short) Resistance Plan

The technical summary data is suggesting a short of SSO as it gets near 103.63 with a downside target of 97.88. We should have a stop loss in place at 103.93though. 103.63 is the first level of resistance above 98.19, and by rule, any test of resistance is a short signal. In this case, if resistance 103.63 is being tested, a short signal would exist.


SSO Long Term Analysis for March 2 2021

Blue = Current Price
Red= Resistance
Green = Support

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SSO Dividend Chart for March 2 2021

SSO PE chart for March 2 2021

SSO PEG chart for March 2 2021