Interest rate cap announcement hit the market hard this morning, sending $COF down sharply. But here's the thing—we caught a textbook bounce right at the 221 support level. That's no accident. Now we're seeing heavy call volume coming through to fill the gap up above. All signs point to us grinding back toward the 245-250 zone in the near term. $SPY and $QQQ are moving in sync here, so watch those levels carefully. The setup looks solid if we hold above support.