As Expected, Seasonal Weakness Rhymes

Daily Continuation

Was expecting the declines, as discussed, now the market will need to define the lower boundaries of a new range. This may take a series of gains/declines but will likely be met with a reversal off a new low during the coming week of trade. Not sure what is going on with the differed trade and discussed on the Long term section (it did not trade as expected).

Major Support: $2.38-$2.415, $2.186, $2.162, $2.089-$2.055, $2.029-$1.937, $1.86, $1.527,
Minor Support: 2.377, $2.28, $2.255, $2.195, $2.102, $1.975
Major Resistance: $2.743-$2.755, $2.809 Minor Resistance:$2.49-$2.51, $2.56

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