ProShares UltraShort Bloomberg Crude Oil (SCO, $31.67) Moving Average Convergence Divergence (MACD) Histogram turned negative on July 8, 2026

@Trading, #TechnicalAnalysis, #MACD, #Bearish, #ETFs
SCO - ProShares UltraShort Bloomberg Crude Oil
MACD signal
Bearish Trend
90%
Odds of DOWN Trend
Price: $31.67
Daily change: -$1.63 (-4.89%)
Daily volume: 6.8M
Net Assets: $775.3M

This is a Bearish indicator signaling SCO's price could decline from here. Traders may explore shorting the stock or put options. A.I. dvisor identified 54 similar cases where SCO's MACD histogram became negative, and 51 of them led to successful outcomes. Odds of Success: 90%.