After three days of going up, ProShares UltraShort MSCI Brazil Capped went down 12.92 cents yesterday and closed at $21.43, indicating a potential change of course

A quick look at yesterday: ProShares UltraShort MSCI Brazil Capped ended yesterday at $21.43 following from closing Monday at $21.56. Overall, this represents a loss of 12.92 cents or 0.6%.

Producer Price Index data from United States will be released today at 12:30 UTC with analysts expecting a decline to 0.3%. Potentially significant price fluctuations in ProShares UltraShort MSCI Brazil Capped are expected to follow.

With regards to technical trend indicators, chart analysis show that the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. According to asset volatility analysis, ProShares UltraShort MSCI Brazil Capped's upper Bollinger Band® is at $21.69 which indicates a further downward move may follow.

Overall, while ProShares UltraShort MSCI Brazil Capped has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

Positive performances can be seen by looking at other markets as Meta Platforms explodes 7.25% yesterday and closed at $180.9. The Charles Schwab shoots up 9.19% yesterday and closed at $51.91. Wells Fargo & Company is trading around $40.17 after ending yesterday's session at $38.41 (up 4.58% today).

With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as today at 12:30 UTC data for United States Retail Sales will be released, with an expected decline to -0.3% from the preceding figure of 3%. United States Core Retail Sales projected to come out at -0.1% — worse than previous data of 2.3%; data will be released today at 12:30 UTC. Projections for United States Producer Price Index are set for a continuation of decline with 0.3% while previous data was 0.7%; data will be released today at 12:30 UTC.

The fund has been trending positively for about a month. Approximately 8 months ago, ProShares UltraShort MSCI Brazil Capped reached a significant high of $34.1 but has struggled to hold onto its gains and declined 36.77% since then.