again as Steve and I always say, when the market is still uptrending it's best to take profits quickly on hedges and shorts because the market will tend to rebound.

it's only after the market has had sideways action that has allowed the slope of the 20 and 50 day moving averages to flatten out is when the the market is more vulnerable for a more sustainable sell off where you can hold shorts longer. Or after uptrend symmetry is broken and you get a lower high bounce to short.

again what I've learned (the hard way) over many years is that when you come into today short the indexes, best to 'Book em Danno' vs holding thinking it will be a bigger sell off.  You almost always give up your nice short or hedge profits doing that. Like today book those profits in the morning and if you still thought a lower high will be put in you can put them back on now 80 points higher.