I drew this chart last night and then then opening gapped up. I will short if we close the old gap but feel that a lot of people will be shorting the market at this level. At times like this I am cautious. I may create my position at much higher levels with a vertical spread like 217-218 45 days out as usual (depending on premiums). I am just going to look for other opinions on what people think the highest the market will go over the next month and a half. Good luck.