Looking for short term swing buy here!SRTY/ Russell is overbought at this point. Candles are forming an inside bar. Which is setting up for a trend change to green! Buy on green candle or here. Place stop/ mental stop under swing low! High percentage trade setup! Look to exit near end of January. Look to buy URTY early February 2023.
Key stats
About ProShares UltraPro Short Russell2000
Home page
Inception date
Feb 11, 2010
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
ProShare Advisors LLC
Distributor
SEI Investments Distribution Co.
SRTY provides an aggressive, one-day bet against the Russell 2000's index of 2,000 small-cap US firms. The fund will track -3x the returns of the underlying index and it may use both ETF and index swaps to achieve its inverse exposure. As with most leveraged and inverse products, SRTY is designed to provide its -3x exposure for one trading day, and anyone holding it for longer than a day will be exposed to the effects of compounding, which cause returns to drift away from the expected inverse exposure to the index. Investors should therefore plan to hold SRTY for no longer than one day, and if they do hold it for longer, they will need to adjust their investment on a daily basis.
Classification
What's in the fund
Exposure type
Government
Cash
Stock breakdown by region
Ascending TriangleTop line is flat and price is at resistance.
The bottom line slopes up.
Neutral until broken.
No recommendation
Leveraged.
ProShares Trust - ProShares UltraPro Short Russell2000 is an exchange traded fund launched and managed by ProShare Advisors LLC. It invests in public equity markets of the Uni
WatchingIt is not time yet.
Bearish Marubozu candle today shaven at both ends right now.
But I am thinking it will be.
Leveraged x 3.
ProShares Trust - ProShares UltraPro Short Russell2000 is an exchange traded fund launched and managed by ProShare Advisors LLC. It invests in public equity markets of the
srty possibly reaching fresh tops.Disclosure: this is not financial advice, and therefore no one should use it as such, one should make their own decisions in the market based on deep analysis and thoughtful meditation.
This is just a reflection of the previous break through pattern highlighted in three colours, red, orange, and ye
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Oscillators
Neutral
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Summary
Neutral
SellBuy
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Summary
Neutral
SellBuy
Strong sellStrong buy
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Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.