A Heikin-Ashi Look @ ProShares UltraShort Financials ETF ($SKF)
September 30, 2013
ProShares UltarShort Financials ETF (SKF)
- Caught in a consolidation with bearish flavour (descending triangle)
- Well below the upper boundary of the Ichimoku cloud, Senkou-span B (bearish)
- haDelta and its short average are both positive with a strong bullish signal (haDelta > SMA(3))
The market needs a massive negative move to send SKF both above the descending triangle resistance and Senkou-span B.
Low odds for this to happen (haDelta is moving inside a well-defined range).