pool adsReading the Charts in Proshares Ultrashort S&p500 SDS to Generate Trading Plans
When we read the #charts for Proshares Ultrashort S&p500 (NYSE: SDS) we are able to reach a #conclusion that may not be otherwise discernable. We can see where buy signals exist, where sell signals exist, and where risk controls should be implemented. These are what create trading plans. The example here is for SDS and it demonstrates this practice. This data is current, but it is not real time. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Neutral | Weak |
| P1 | 0 | 0 | 8.13 |
| P2 | 9.52 | 9.35 | 8.89 |
| P3 | 0 | 9.62 | 9.85 |
Support and Resistance Plot Chart for SDS
Longer Term Trading Plans for SDS
May 28, 2021, 12:00 pm ET
SDS - (Long) Support Plan
Buy over 8.89 target 9.85 stop loss @ 8.86
SDS - (Short) Resistance Plan
Short under 9.85, target 8.89, stop loss @ 9.88
Blue = Current Price
Red= Resistance
Green = Support
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