Price action seems to be following a similar pattern to last week with early Monday rally, holding prices near the high end of the range. Last week they stopped on Tuesday and Wednesday set up the low support challenge. Would not discount the trade history mentioned in the Weekly section, but perhaps a strong rally into expiration off of a retracement back to the low $3.70’s would keep the historical trend in place. Over all — still in the range between $3.72-$3.98– continue to play it.
Major Support: $3.821, $3.722, $3.58, $3.538-$3.511, $3.385, $3.368-$3.316, $3.198, Minor Support: $3.508-$3.485 Major Resistance: $3.968, $4.187, $4.205, $4.238