Jun expired on the higher side of the range and July quickly traded into the June expiration range. There remains a nickle spread between Jun and Jul and would expect a retracement into that range. The July chart looks more supportive than any of the recent monthly charts and will go into that on the weekend. For now — play the range– and have a great weekend as I will not be publishing a Daily on Friday.
Major Support: $2.883, $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: $3.01, $3.12, $3.251, $3.31, $3.396
