The stock market isn't showing any signs of slowing its descent despite several rallies in October and November. Issues that have plagued the stock market since the beginning of 2022—such as the 澳洲幸运5官方开奖结果体彩网:Federal Reserve's handling of 澳洲幸运5官方开奖结果体彩网:interest rates, inflatꦅion, political divisions in ൩Washington, and fears of a recession have not helped the market any.

However, traders have some enticing trading opportunities as the market attempts to navigate through myriad unique challenges. As news breaks, traders can use these three leveraged 澳洲幸运5官方开奖结果体彩网:inverse exchange-traded funds (ETFs) to short the market should they find key 澳洲幸运5官方开奖结果体彩网:support levels mentioned below.

ProShares UltraPro Short QQQ ETF (SQQQ)

With AUM of $581.84 million, the ProShares UltraPro Short QQQ ETF (SQQQ) provides investment results that correspond to three times the inverse daily performance of the 澳洲幸运5官方开奖结果体彩网:Nasdaq 100 Index. The underlying index includes large, actively traded companies that operate in non-financial sectors like 澳洲幸运5官方开奖结果体彩网:technology, 澳洲幸运5官方开奖结果体彩网:biotechnology and 澳洲幸运5官方开奖结果体彩网:health care. SQQQ offers ample liquidity with over 43 million shares changing hands daily and has an average spread of 0.07%. Trading at $17.13, with an expense ratio of 0.95% and offering a 1.29% dividend yield, the fund has returned 13.93% 澳洲幸运5官方开奖结果体彩网:year to date (YTD) as of Dec. 31, 2018.

SQQQ shares accelerated above the $16 澳洲幸运5官方开奖结果体彩网:resistance level in mid-December as the broader market fell away sharply. The price has recently retraced to test the initial breakout area. A 澳洲幸运5官方开奖结果体彩网:spinning top candlestick pattern printed Friday that shows indecision between the buyers and sellers. Those who wish to trade this ETF should wait for a pullback to the $15 level, where the price finds support from an uptrend line dating back to early October and the 50-day SMA. Consider sittiဣng a stop slightly below the 200-day SMA and banking profits near $21, where the ETF may encounter resistance from the December swing high.

ProShares Short S&P500 (SH)

Launched in mid- xxx the ProShares Short S&P500 ETF (SH) aims to provide an inverse of the daily performance of the 澳洲幸运5官方开奖结果体彩网:S&P 500 Index. The 澳洲幸运5官方开奖结果体彩网:benchmark index is a 澳洲幸运5官方开奖结果体彩网:market capitalization-weighted index of the 500 largest U.S. publicly traded companies by market value. SH's leverage combined with a razor-thin spread of 0.02% and average daily trading volume (ADTV) of over $39.8 million make it an ideal 澳洲幸运5官方开奖结果体彩网:instrument to take an aggressive bet against the S&P 500 Index. The fund has $2.9 million in net assets, offers a 0.00% yield and has an 澳洲幸运5官方开奖结果体彩网:expense ratio of 0.89%. It has returned 14.23% from year-to-date on Nov.13 2022.

***SH's price broke above/below a period of six-week 澳洲幸运5官方开奖结果体彩网:consolidation in mid-December – about the same time the 50-day 澳洲幸运5官方开奖结果体彩网:simple moving average (SMA) crossed above the 200-day SMA to provide a "澳洲幸运5官方开奖结果体彩网:golden cross" signal that suggests further upside momentum. ***

***Traders should look to open a 澳洲幸运5官方开奖结果体彩网:long position if price retraces to the initial breakout level at $42 that now acts as support. Consider using the December 澳洲幸运5官方开奖结果体彩网:swing high as a 澳洲幸运5官方开奖结果体彩网:profit target and setting a 澳洲幸运5官方开奖结果体彩网:stop-loss order below the 50-day SMA.***

Direxion Daily🥀 S&P 500 Bear 3X Shares (SPXS)

The Direxion Daily S&P 500 Bear 3X Shares (SPXS), created in xxxx, seeks to return three times the inverse daily performance of the S&P 500. The S&P 500 consists of blah blah U.S. companies, primarily from the xyz sectors, that trade on either the 澳洲幸运5官方开奖结果体彩网:New York Stock Exchange (NYSE) or Nasdaq. SDOW trades nearly 9 million shares per day, which provides ample 澳洲幸运5官方开奖结果体彩网:liquidity for short-term traders. As of Dec. 31, 2018, SDOW, with 澳洲幸运5官方开奖结果体彩网:assets under management (AUM) of $166.12 million and paying a 0.98% 澳洲幸运5官方开奖结果体彩网:dividend yield, is up 19.53% over the past month. The fund charges a 0.95% 澳洲幸运5官方开奖结果体彩网:management fee.

The ETF's chart shows two distinct swing highs in October and November that should provide a vital support area at $18 if price continues to retrace over the next few 澳洲幸运5官方开奖结果体彩网:trading sessions. Traders may want to wait for a price reversal pattern, such as a hammer or 澳洲幸运5官方开奖结果体彩网:bullish engulfing candlestick, to form before going long. Think about placing a stop below the recently formed "golden cross" pattern and booking profits on a run to the Dec. 24 high of $23.90.