Once again the market is making a subtle alert to its longer term intentions by closing near the highs last week and opening stronger on Sunday night. Call me a cynic, but I will wait for confirmation today with a close above this key area that has held resistance for several weeks. Not to say it may be a break out as discussed in the Weekly area on the website — but on a daily basis — need some proof of strength.
Support: $2.422-$2.414, $2.373–$2.356,$2.255-$2.176 Minor Support: $2.483, $2.162 Major Resistance: $2.713-$2.72, $2.74-$2.789, $2.89, $2.98-$3.05, Minor Resistance:$2.806
