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On May 1st, the ProShares UltraShort MSCI Emerging Markets ETF (EEV) undercut and tested support of its 50-day moving average before reversing to close above this key mark. Yesterday, on an uptick in volume, EEV attempted to breakout above resistance of the four day high of $26.71. If EEV can clear yesterday’s high of $26.86 it could present a buying opportunity. We are adding EEV to the watchlist. Trade details are available to our subscribers in the watchlist segment of the newsletter.

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