Just last week SDS looked to be ready for a corrective move higher, within its wave 4, in the current downtrend.
Little if any support was found in shares of SDS at the projected low of 24.78- actual 24.74. The wave 4 projection dwindled quite rapidly bearly producing a 23.6% retracement instead of the .618 projected. And the double bottom call lasted only a few hours.
Now SDS approaches both an older price projection of 24.27, as well as the possibility of the previous short term wave 5 projection of 23.60.
SDS has traded to a low of 24.30 so far today.