Definitely, i'm not using a lot of money and it's a total winning trade. How many times has this already R/S since the beginning of 2012? I think 3. Proshares seems to do it around the $5 mark.. As we can see from the 1950's the SPX has virtually always went up with a few hiccups on the way. I don't see how it's going to just dump out completely anytime soon.
Right now 100 shares is what about $6700-$6900 i'll wait for them to be about $600-1000
(sorry about all the corrections i'm on a mobile touch device VPN'ing into home)