UltraShort MSCI Brazil ProShares

The investment seeks daily investment results, before fees and expenses, that correspond to twice (200%) the inverse (opposite) of the daily performance of the MSCI Brazil index. The fund invests at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index.The fund is nondiversified. Since this is the inverse (or bulliish when the real market is bearish) it is worth watching here. We have had a double bottom already form here, now we are waiting for the stock to break above the resistance area before we invest in it.