Went into some of my reasons to doubt the sincerity of this run at this point in the Weekly section and I advise a brief look. Price may continue there ascent, as perhaps the uptrend will continue and add some more cushion before going off the board. The last four expiration months have. I will be on the sidelines in August and continue the downside trades (discussed last week) into the September contract.
Major Support: $3.722, $3.58, $3.538-$3.511, $3.385, $3.368-$3.316, $3.198, Minor Support: $3.821, $3.508-$3.485 Major Resistance:$4.054-$4.094
