In the Weekly section, I discussed the short /intermediate term cycle is bearish and the market is behaving accordingly. Yesterday, prices confirmed the bearish bias and the market is now in a sell the rally mode. The consolidation pattern of the last few days was waiting for a break out or break down– the breakdown is now in place breaking below, and closing below, the Nov lows.
Support: $2.425,$2.373 Minor Support: Major Resistance: $2.98-$3.05, $3.091, $3.151, $3.24, Minor Resistance: $2.74, $2.887
