Quick update: I covered my BABA short at market close today for a .4% loss on my account. I shorted at 300 near the previous high expecting a sell-off down to the 270 zone, but it doesn’t look like that’s going to happen.
I think the price action is a bit too strong given the overall market action today. On another note, it looks like Apple wants to drag down the technology sector / QQQ, but we will have to see if there’s follow through selling tomorrow. Have a great rest of your day!