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ProShares Short SmallCap600 T.SBB


Primary Symbol: SBB

The investment seeks daily investment results that correspond to the inverse (-1x) of the daily performance of the S&P SmallCap 600 Index. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the funds investment objective. The index is a measure of small-cap company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 600 U.S. operating companies selected through a process that factors in criteria such as liquidity, price, market capitalization, financial viability and public float. The fund is non-diversified.


ARCA:SBB - Post by User

Post by mesa1on Dec 15, 2020 3:05pm
191 Views
Post# 32110917

Readying to break thru old high ...

Readying to break thru old high ...Chart looks great, with last 3 days' rally taking us out of the 3-month long consolidation flag pattern to the upside.

Technically, on a measured move basis, the prior 6-month move from the $0.71 low in the March 2020 panic to the $3.06 high early Sept suggests a target from the recent low at $2.31 to around $4.66 once the old high is cleared.

I see SBB as the best undeveloped derisked precious metals play in Canada for participation in gold's bull market. It's probably only the bottom of the 4th inning.

JMHO
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