UltraShort S&P 500 ProShares (SDS) — This exchange-traded fund (ETF) seeks daily investment results, before fees and expenses, that correspond to twice the inverse of the daily performance of the S&P 500 Index (SPX). The fund normally invests 80% of its assets in financial instruments with economic characteristics that should be inverse to those of the S&P 500. 

If the S&P 500 fails to hold above 1,080 to 1,085, then SDS could provide traders with a quick profit as the index falls. 

The target for a trade is $40 but, in the event of a major market failure, $45 should be attainable. 

However, it would be wise to place a stop-loss at $34 and consider a day trade if it becomes available, since there appears to be evidence that longer-term trades in this leveraged ETF do not fully track the market. 

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