OPTIONS TRADERS CO-OP

[gdl]

What a difficult market. The 2 day rally might already have come and gone.

Very strong resistance/support at 263. I have a feeling we open pretty low and continue down. IF I can get back in early tomorrow i will.

The moves all day are above and below major support. I thought the rally would hold but obviously not. now pretty convinced we drop hard from here.

LET THE OPEN DETERMINE NEXT MOVE!

As Pretzel Logic just stated we are at a BOUNCE or BREAK moment. Today did NOT get resolved.

Who states Bounce? Who states Break?

The BOUNCE means a big rally for weeks. Break means 240 area.

Tis a puzzlement. Good thing i guessed right up to today. Waiting for the TELL !!!!!