That was a rebound off of the last week of selling, have little explanation other than for the last three months the price action has followed a similar range game. Test the resistance (fail) then go down and test the support (fail) so we find our market in the range trade game. It can be lucrative but patience is required. A note for you fine subscribers– it is likely that there will be no Daily on Monday. The goal is to due the longer term analysis tomorrow when the market closes. Be sure to check into the website for those insights.
Major Support: $1.611-$1.59, $1.555-$1.519 Minor Support: $1.649 Major Resistance: $1.82-$1.849, $1.873, $1.90 Minor Resistance: $2.029
