Translation
I said, “You are ELOHIM; you are all children of ELYON.”
Go to footnote numberParaphrase
I affirmed, “I agree with what you say about yourselves, you are MIGHTY RULERS; Of course you are! You must be because you are all just like other EXALTED RULERS.”
Footnotes
1: "children of ELYON"
This is said mockingly. We know this because this verse and the next one each start with a word that indicates a contrast, and because the verse prior to it and the verse after it contradict this statement.