Well- prices finally got what they seemed to be thinking and that was trading above the $4.00 point. Now what? The market is over-bought in the extreme zone on both the daily and weekly chart; the market seems to be chasing 3 standard deviations above the 20 week SMA– let alone well above 2 standard deviations; and volume is stagnate. I will not be buying into this leg of the run– as stated numerous times in the last week– it needs to chill. Starting to look at some puts as it continues to get bullish blind.
Major Support: $3.722, $3.58, $3.538-$3.511, $3.385, $3.368-$3.316, $3.198, $3.129 Minor Support: $3.821, $3.508-$3.485 Major Resistance: $4.054-$4.094
