Absolutely there's a chance, in fact that could happen this week. Right now markets are undecided on direction, as are people individually, just read the posts here. Spy could drop here, or make a sudden move up. I'm anticipating a drop to perhaps fill that " other " gap You spoke about at 242 apx, THEN we see a pivot and strong move up toward 247 and possibly beyond, but I don't expect it to be a sustained move, and possibly even lower down thereafter. September could be a wild month.