Too many unknowns, if the Iraqi start and flame some of the oil wells up north, we may see a double whamo spike in crude prices (Nigeria and Iraq) and that may very well hi the market again, I think however that such a hit could be stopped (temporarily) in the 1330/50 area, as I have mentioned before, and the top of that range is only some 20 Naz points from here. If I see a strong pre market decline in the futures, I'll probably repeat today's gambit with entries in the pre market.
Zeev