thanks for the input...my theory is that we've tested that 1040 level twice within just a couple of days and have so far established lower highs. If we attack that level again without any substantial bounce then I think we just might break through. Third time's a charm so they say. Close below 1040 and I'll hang on for the ride for a retest of 1010....Puts are up nicely so far. Tons of economic data over the next few days