Look at Those Shorts! No, not ‘Those’ Shorts…

[edit] I took the profit. Why not?

My apologies in advance about the featured image. This one popped out at me for some reason that I can’t quite put my finger on as I innocently searched for images of shorts.

Anyway, look at those shorts cover into the close. QQQ is one thing I bought on Friday for a would-be bounce. It’s filling a gap on the 10 minute chart, which does not exist on a daily.

qqq

The daily chart gap exists up around 230. I’d love to see this bounce make it that far, for multiple reasons, only one of which would be to realize such a profit on this trade (already nearly +7%). But it’s just a day. This market has a lot of work to do if it’s going to do anything other than take back half of the mini crash. ‘Where will the shorts re-load?’ is my question. The SMA 50 is not shown on this chart but it’s at 221. Makes me remember that selling is an option.

qqq

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