After three days of going up, ProShares UltraShort MSCI Brazil Capped down 72.92 cents yesterday, signaling a possible reversal of course.

Yesterday at a glance: ProShares UltraShort MSCI Brazil Capped ended yesterday at $22.94 following from closing Thursday at $23.67. Overall, this represents a loss of 72.92 cents or 3.08%.

Trend-focused traders would be interested to note that investors are seeking long positions as ProShares UltraShort MSCI Brazil Capped price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. According to asset volatility analysis, ProShares UltraShort MSCI Brazil Capped's upper Bollinger Band® is at $22.11 which indicates a further downward move may follow.

Notwithstanding ProShares UltraShort MSCI Brazil Capped's appreciation in recent days, the technical outlook suggests its bullish run is now fading.

Positive performances can be seen by looking at other markets as Procter & Gamble went up by 2.04% yesterday, and closed at $146.72. NextEra Energy rallies 2.55% yesterday and closed at $73.81. Novo Nordisk added 2.94% and closed around $148.39 yesterday.