You can also wait until next week to see if we get some signs of a reversal. Today has all the makings of a trend day, which means that the market is likely to rally into the close. One could short the close (aggressive, as you have two days of overnight risk until Monday) or wait until next week to see how things go. Either way, good luck.

Thanks for the posts and letting us know what you’re doing, Randy. My bad luck that I initiated a short yesterday. Will look to add.

Just added to my short position on the Q’s. Typically, I like to add to a position on strength (or weakness, technically speaking for shorts). However, I just wrapped up a video as to why I not only didn’t cover that short but just added to it. It has a lot to do with the comments above about the very unusual disparity between the gains in QQQ & SPY today vs. their equal-weighted indexes but also a clear recent trend of deterioration in market internals in the $NDX recently with the A/D line sinking against the index rising.

Randy, are you still short the Qs? It seems a futile endeavor.

$SPX declining issues vs. advancing issues is over 3:2 right now with the index trading up 0.5%. Can’t recall the last time that I noticed the SPY trading so far into the green with clearly bearish breadth readings.
Nasdaq 100 has 67 declining issues vs only 30 advancing as it trades up over 2%, very unusual & a red flag.