It might be better to wait for the rebreak of support to engage.

Thanks Randy. On a completely unrelated matter (NOT), silver seems to be doing well.

Best of luck then. Personally, I’m using SKF (-2x financials) in a couple of my regular (swing/trend or non-active trading) accounts because I think there’s at least a decent chance the financials could grind around sideways-ish until the majority of individual top components have all broken down and/or XLF clearly takes out that 44ish BOD support.

The reason for not using the -3x FAZ, at least until that time, is due to the decay that leveraged ETFs suffer during back & forth sideways trading periods (go to Resources on the top menu of this site, then FAQ, then ETF-related questions for an explanation on how & why that works if not familiar).

I do think FAZ will pay off in the coming weeks to months & I might swap SKF for it, if we get those additional sell signals & an “all-clear” short or decent sell signals on the stock market, such as a solid break below today’s/Friday’s lows. (key support on /ES & /NQ plus many others).