It's time to cover and take profits in our short NASDAQ position. The NASDAQ made new lows this week without the DOW and S&P 500, which is a bullish divergence signal. Also, equities seem unfazed by the Fed announcing a hike in interest rates today. This is also a bullish sign that these markets are bottoming and ready to rally again - at least in the short-term. I will post more analysis later this evening. We are covering (unloading) any short positions in the broad stock market today. We are taking a good profit in our short NASDAQ position.