Upon further review of the charts, I have decided to close out the LQD (investment-grade corporate bond ETF) short trade at 117.27, just above my 116.60 support level that was just kissed (current price on LQD is 117.26). This provides a quick less than 3 trading sessions) unadjusted gain of 10.9% or a beta-adjusted gain (factoring in the 2x suggested position size) of roughly 22%. T2 was also hit (actually exceeded with a gap below) at today’s open as well. Original & updated daily charts below.

Consider booking full profits and/or raising stops if holding out for additional gains. As I have decided to make this the final target since I believe the near-term R/R is no longer very favorable to remain short at this time, this trade & all associated posts will now be moved to the Completed Trades archive for future reference.