I agree with you. The lower volume, the high P/C ratios, and the market hanging tough after the war news spike earlier today make me question the big drop some are counting on.
In edit, could not resist reentry in CCMP under $49.50...
That P/C ratio, if it holds into the close, could justify a rally from the 1320/30 area, whether this is the end step of this retrenchment I am not sure, I actually think it will be the firs of three steps.