I shorted late yesterday at 282 and am walking into work and want to put a limit order to cover. Thoughts on what happens today and what I should do?
I disagree. I am short from 282 yesterday. I believe that we close at 260. I do agree that taking profits earlier in the day is better. I will cover around 253 level. Will re-short once we get back above 265.
Yes, close at 270 today. If you are smart you would cover earlier in the day around 255 - 262. Otherwise look for 270 close and then 280 in 2 weeks.