UltraShort S&P500 ProShares (SDS)

[BYUINSDER]

Trin closed at 1.59

Which implies more selling pressure than buying.

My analysis of trade setup:

I'm looking to take position with sds soon.

I just day trade, so its not long term play.

Just looking to catch $.20 per share, with each trade.

Often even $.10 per share, is my goal.

But going into Monday, short side of the equation seems at this moment to be highest odds.

Support level for sp 500 1810 to 1800

Good chance of being tested over the next week.

That's my call...good luck