The Daily Call

Early Strength Retraces Gains

Daily Continuous

Early strength mentioned in yesterday’s Daily evaporated quickly as the full market opened and forces prices down. Expected, per the Weekly and Daily sections, weakness was expected from the over bought level of the market. Not convinced that the retracement is finished– if you are buying be patient–if you are selling be opportunistic.

Major Support: $4.21-$4.139,$4.122,$4.055,
Minor Support : $3.942, $3.75,$3.65
Major Resistance: $4.394, $4.461-$4.475, $$4.901,