The Qs have a pattern that has occurred twice before in the last 3_1/2 years - a huge down month with a long tail, followed by an inside down month mostly in the range of the tail, followed by a rally. Will the pattern turn out the same again? If so, we should expect a penetration below the September low followed by a reversal back above the September low.
Based on the lighter volume for the Qs on today's decline, the likelihood for an up day Monday, and the above pattern I exited my short position in the Qs today near the close at 52.75 for a gain of 5.31% in 3 days. There may be another short opportunity, but I would be cautious about it. I will mostly be looking to get long soon.