I apologize for providing a Daily Chart from Wednesday — I am traveling back to CO and my screen editor does not like the fact I only have one screen. The market broke above the highs from Oct and Nov and I was expecting more of short covering rally– but no such luck. Now the key for the market is to hold the old resistance as support and to build on the break out through the expiration. Some elements would suggest that the real fun will start on options expiration between $3.35-$3.50.
Major Support: $3.396, $3.198, $3.129, $3.00 $2.914-$2.886, $2.78, Minor Support: Major Resistance: $3.396, $3.482, $3.526
