This etf may be called Bear 3X, but it sure moves conservatively in slow movements at these low prices. Since I am short the SPX, I am a buyer of this SPXS etf, which is the inverse of SPY. It is the Direxion Daily S&P 500 Bear 3X S. It is trading at a reasonable price.
My analysis of buying SPXS is based on my analysis of shorting the SPY and DOWI.
SPY: