The DJI was up over 700 points out of the gate today, supposedly based on NVDA "earnings," but has now turned negative. That is typical of a Wave 2 retracement in front of a Wave 3 hard down, possibly lasting into tomorrow, or even next week. Holding our short bets, QQQ and/or IWM Jan puts and SQQQ2 (inverse 1-5 split*) Dec calls into the weekend and beyond. DJI Daily This intermediate term DJI chart looks to be rolling over and breaking down below the parallel channel up from the April lows. DJIA Hourly The shorter-term DJIA. Trio of Shorts Stops now moved to break-even on both QQQ Jan puts and Dec SQQQ calls. If triggered exit half or more of position, holding remaining, "just in case." SQQQ 120 Minute Reflects 1 for 5 reverse split. *A one-for-five reverse stock split of SQQQ (ProShares UltraPro Short QQQ) on November 20, 2025, will result in the new shares being priced approximately five times higher, with five pre-split shares becoming one post-split share. For options, the contract's number of shares will be multiplied by five, and the strike price will be divided by five, with the ticker symbol potentially changing to a new one like SQQQ2."
