ProShares Ultra Cloud Computing Price & Performance (SKYU)

ProShares Ultra Cloud Computing (SKYU) is facing significant resistance at $32.62, with analysts recommending a short position if this level is tested. A potential downside target of $26.97 is noted, while a break above this resistance could signal a buy opportunity with a target of $38.27. Traders are advised to monitor closely.1

Evitar Corte, a market crash leading indicator, has historically identified major downturns, such as the Credit Crisis and the Corona Crash. Its current analysis suggests caution for investors. This proprietary tool, refined over two decades, continues to provide insights into market risks and potential opportunities for both individual stocks and broader markets.1

Day traders targeting SKYU should watch $28.24 as a critical resistance level. A break above could lead to gains toward $32.62, while shorting near this level might target $26.97. Stop-loss levels are set at $28.17 and $28.31, respectively, underscoring the importance of risk management in volatile trading conditions.1