IMO the low several weeks ago was the 9 month cyclic low, and the bounce was the beginning of the next cycle. There are objs in the 256 area, which I view skeptically, but the proof of a down turn doesnt start until approx 244 with final proof under 242. I hv no positions and am not a player at this time.
GLGT
Oddlot
Stay on the right side of the cycle!