How low can we go?

We are at a tricky spot right now. It's impossible to determine whether we are going lower to retest our previous lows, or if this is just a pullback as we continue to move higher. If it's the former, its wise to hold my puts. The later, well I should close most of my put positions and start buying calls in anticipation of further upside.

I have read that many are expecting a pull back to 750-770 before heading higher (and technical analysis seems to indicate the same), but at this point, I am undecided. My decision will likely dictate the direction of my account for the remainder of the week. For now, I'm staying put in my puts....