This is a inverse leveraged treasury etf, which basically means it will track us treasury yields. Pretty solid reward to risk opportunity. The feds will be raising rates in September (barring a major economic down turn), this will fundamentally drive yields higher. On the techincal side we have a long term down trend that has been broken, a double bottom in place, and the 100 ma broken.
This will be a nice long term play that should see 100% return on capital invested for a risk of 10% loss.