Nice quiet day doing nothing which we all know is a market consolidating for the next move. Is it building a base for the next run upward or is it defining the the top end for a collapse downward. Put you money where you want– I think both are in order with a slight decline to test the mid $2.80’s but there is no technical area there for support– not until $2.783- as prices just rocked through the $2.80’s on the way up. From there the $3.00 area is the target.
Support: $2.78, $2.71-$2.70, $2.658, $2.52, $2.422-$2.414
Minor Support:$2.876, $2.694, $2.483, $2.162
Major Resistance: $2.98-$3.05, $3.12
Minor Resistance:
