The past four market days have seen a large increase in , as the bears and bulls fight for control in this range. Today saw a large gap down, and a reasonable attempt to stay above yesterday's lows. These lows happen to be very strong resistance from all of last week as well. The price failed twice to hold these levels, yet stay just below them.
A gap and hold above this 207.30 level would be very , with implications of visiting Monday's open at the low 209 levels. This would be accelerated by the short squeeze this would cause.
Gap below would help the case for a continued short.
I'm short from Friday, waiting to see how this plays out. Good luck