Rejected the open price and a test of the highs. No rush to sell off yet and very orderly. Let's see if we can trade down to 2750 now.
There is a big seller sitting on the offer at 276.40-277.00 (on SPY). If he gets run over, this market is going back up to the moon in short order. Still lots of time left today.
I never average down--ever. Stops can only be mental stops on long term positions. Rather they mean reevaluation areas.
I had 2750 as a 1st target below. Natural with a bounce from here. Could even be a reversal and a bottom on the day. If I were to bet without risking money, I'd say there's a good chance we'll test yesterday's close at 2731,75 prior to the close. Can have some nice up moves and retracement prior to that though.