OSTK (Overstock.com), which is the only official Active Short Trade right now, is currently testing the 78ish support level which is also the bottom of this descending triangle pattern (yellow lines). An impulsive break below that level would likely bring the stock down to the 70.80ish support, where a reaction is likely, followed by another thrust down to the first target at 61.70.

OSTK 60-minute Jan 12th

OSTK 60-minute Jan 12th

As this trade is currently profitable by about 10%, this support level, as well as the 70.81 level, could be used to book partial or full profits as the trend in the broad market is still clearly bullish. As of now, my expectation remains for at least another 22% downside in OSTK to the first price target before any substantial & lasting counter-trend rally although I will continue to monitor this trade closely, revising the profit targets should the technicals change.