A Holy Chart Into a Holy Weekend

Headed into a long, three-day holiday weekend, I am still holding half of my BIS long, which is the ultra-short biotechnology sector ETF. This is obviously a bearish bet on the biotech sector.

I took partial profits yesterday into the weak open, at $36.05 from my $34.11 entry (noted in real-time in this blog post). 

At issue is whether I should hold the remainder of my position into the long weekend. 

On the IBB 30-minute chart, below, we can see biotechs narrowing considerably since yesterday morning's gap lower. If we see a hint at resolution to this pattern, highlighted in light blue, today, I will consider either cutting or adding back to the position. 

As for my individual shorts, I still have half of GILD with profit cushion, CP is basically flat for me, and MA is going against me a bit. LUV is working in my favor.