We might see an attempt to fill the gap here after a poor ER, but in the next few months, we should continue to fall overall.
It appears we are on a corrective C wave down, and if A=C, then we could go as low as 245. Wave 4 also ends right in that area, but to be safe, my target range is between 250 and 270.
This is a very plausible scenario. In short term though, it is likely to see price perform "Gap Filling" and trade counter to the overall bearish trend.
"Gap Filling" on Investopedia: investopedia.com/articles/trading/05/playinggaps.asp