you’re right! Look at FL. I did fine selling yesterday but would have gotten another 5% today! But I traded it for the FB and TSM and the drugstore starters, so still about the same level short.

Another option with your QQQ or other shorts would be to lower stops or trailing stops once/if we approach that gap. See my recent FL post for the example that I just outlined. Some of the most powerful moves in the market or a stock come when everybody is expecting one thing (in this case, a reversal at the bottom of the gap) but the opposite happens (prices continue lower). Sort of like how when a bullish or bearish chart pattern breaks in the opposite direction that was anticipated or the sharp moves that almost always follow a false breakout of a chart pattern.