Today's Trades for Thought setup is a short in the ultra short S&P ETF, the SDS. This ETF is a 2x inverse of the SPY and by shorting the ETF, you are essentially buying the S&P 500. The ETF allows for leveraged returns as it moves 2x the move of the S&P look to enter beneath yesterday's low for a momentum trade lower.

For video analysis and a breakdown of the chart, please visit www.t3live.com