My note: There are enough puts on the near term options at $1,100 that there is little chance of falling below that price.

RR tonight:

As for gold, unfortunately, I don't have a PTI for gold. But as subscribers know, I follow gold closely. The daily chart of gold below shows a head-and-shoulders bottom. More recently, an upside breakout from the pattern. Today we have a pull-back to the breakout or resistance (blue) line. If gold can hold at 1100 or above, it will be impressive. http://ww1.dowtheoryletters.com/MembersOnline.nsf/d8a04fa32246899b88256bcb0035ae68/535a2210a690dba588257706006fd01e/RRcomment/0.5676?OpenElement&FieldElemFormat=gif" width="520" />