As discussed the declines from Monday were not to be trusted and the market was likely to find support and stabilize. This is part of a range trade that should relieve some of the readings in the Bollinger study and the RSI studies (both weekly and daily). As mentioned in the Weekly section there are some other strong divergences carried in this price action that will need to be resolved — but it seems unlikely that these issues will be resolved quickly.
Major Support: $3.87, $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:$4.187, $4.205, $4.238
