I plan to study the charts in-depth over the 3-day weekend but my answer right now is not necessarily. QQQ tested & successfully defending that primary uptrend line off the mid-2015 lows today. It still appears to me that the Q’s will take out that TL & at least another 8% or so from where it closed this week but I certainly can’t rule out a rally next week & possibly beyond. As such, I’m mainly day trading the Q’s recently while swing trading a diversified mix of the best-looking longs & shorts but ready to add back some swing shorts on the indexes should QQQ take out this week’s lows impulsively soon. Also keeping my overall market exposure relatively light & partially hedged right now as being positioned aggressively net short or net long right now just isn’t worth the risk. I’d rather miss out on a huge gap down in the markets on Monday than be caught on the wrong side of a big gap up.