Home > heikin-ashi > A Heikin-Ashi Look @ ProShares UltraShort Financials ETF ($SKF)

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).

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