SDD Crowded With Sellers
In the case of Proshares UltraShort SmallCap600, the RSI reading has hit 27.7 — by comparison, the RSI reading for the S&P 500 is currently 58.6.
A bullish investor could look at SDD's 27.7 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
Looking at a chart of one year performance (below), SDD's low point in its 52 week range is $16.6204 per share, with $33.43 as the 52 week high point — that compares with a last trade of $16.67. Proshares UltraShort SmallCap600 shares are currently trading down about 1.8% on the day.