Major Support: $1.909,$1.872, 41.83, $1.611 Major Resistance: $2.08-$2.10, $2.34, $2.437, $2.48-$2.52, $2.716-$2.755 Minor Resistance: $1.994, $2.21
A whole bunch of consolidation trade going on here but no major trade direction changes while the market is at a record level of speculative shorts. Not sure if most of you folks realize that when so many folks get this short there is a group of folks that want to generate income by forcing those shorts to cover. Not sure when it starts but it will. Play the range of the last week but be prepared.
