Suggested yesterday, that all of the support zones from the several moving averages around $1.97 would likely limit declines. That did not work out well yesterday. The spread to November widened so this expiration is up for grabs and gamblers. Expiration could be a washout like July expiration, or could rally on some late short covering and head back to $2.15– Unfortunately, technical data points don’t limit the potential.
Major Support: $1.864-$1.852, $1.768-$1.70 Minor Support: Major Resistance: $2.162-$2.18, $2.275 Minor Resistance:$1.964-$2.008
