CLICK PICTURES TO ENLARGE
Below follows a series of updates on several inverse (short) ETFs for the S&P500. The left red box shows the potential target for the S&P500, plotted as a black line, while the right red box shows the corresponding target for the ETF, plotted as a candlestick chart. Simple :-). Note that corresponding target levels match prior S/R levels very well 🙂 Also note that the target range increases for each more-leveraged ETF as they are volatility related.
SH: 1x inverse SPX. Target between $40-$47
SDS: 2x inverse SPX. Target between $80-$110
SPXU: 3x inverse SPX. Target $300-$500.