JD (JD) shares of the China name are slipping back lower into monthly value and have triggered an 80% rule setup that could break the bear flag lower under 36 for a quick short side trade back down to 33-34. With an easy risk level to manage against a break above 38.50 at value high and if the markets stay soft then would expect these China names to bleed lower. One thing to remember is overnight gap risk so using options in a liquid name like JD is more optimal to keep risk defined, especially to the short side if inclined to play it.