ProShares UltraShort Financials (NYSE: SKF)- Technical Analysis (Daily)

• The ProShares UltraShort Financials (NYSE: SKF) is a leveraged inverse ETF designed to deliver -2x daily inverse exposure to the S&P 500 Financial index

To better understand how SKF works, let’s first take a closer look at the S&P 500 Financial Index's chart.

S&P 500 Financial Index (SPF)- Technical Analysis (Daily)

• After facing rejection at its trendline resistance, the index has turned lower.
• This downward momentum is likely to continue, potentially driving further declines in the near term.

Conclusion - ProShares UltraShort Financials (NYSE: SKF) Stock Price Forecast

Based on our short term stock trading advisory services in USA, ProShares UltraShort Financials target will be USD 30 - USD 30.3 in the next 08-10 trading sessions.