Turns out this has been a very good hedge against the market but I think only a handful of our members have bought this and I haven't bought it either because it is 3 X leveraged.
But it has been moving extremely well through our projection and held at the blue line comfortably and bounced aggressively with a declining market.
This has likely got more to go.
Disclaimer, always be cautious with 3 X leveraged positions.