tonygrusso - if not short at this point you could wait for a weak bounce to unfold or a break of support levels previously listed. At this time, I'm playing the inverse funds as "trades" since the market still has the support of the moving averages.  Some are calling for a top to be in and that could be the case but that is far from being confirmed.  Please note that some of these  same individuals called for a top 3-4 times previously and were severely punished.  I expect more downside over the short term but it's too early to say the intermediate uptrend has ended.