I may be crazy which is why I will wait for confirmation by price. In my opinion the Japanese market will be the leader in a strong, steep decline in overall markets. IF that happens mind you. I don't take positions based on what I think will happen on what provides best risk / reward ratios. This is one to keep an eye though. The inverse ETF has been in a strong decline as Japan's Central Bank has been buying equities on the open market. Eventually, that will stop and the bottom will fall out. It is a huge Ponzi scheme. Only reason why it is going up is due to the central bank printing out paper and trading it for poor balance sheets.
The Weekly is showing a possible consolidation followed by a up move. Looking for a close above $79 to buy