110 to low to wait... 112-113 is proving to be low
IMHO .. I just bought more here... Seems like options are showing a bottom.. Lower volume showing that shorts will begin to cover here.. Downside profits are limited from here, they will find faster easier money elsewhere.
The 10/20/50 put in a positive alignment at about 3PM which has held; when this happens it takes time to roll over (if there is still downtrend to be had) so shorts have to wait longer for any gains, hence are taking on more risk. So, they start covering sooner.