U.S. Markets are closed on Monday in observance of Martin Luther King Jr Day. International markets, including Bitcoin, will remain open. We are holding short QQQ (i.e., Long QQQ Puts or SQQQ Calls) and/or IWM) through the weekend. Next week is the Jan 21st expiration, so any new positions should be rolled into the Feb 18th expiration before next Friday. So far today the DJIA is up, but QQQ is diverging to the downside and its chart suggests a new leg down has begun. Taking out 380 adds confidence retracement rally is over.
