Not Exactly the Decline to Set Up For Strong Expiration
Daily Continuous
That was not exactly what I was looking for. Perhaps, I am no the only trader on the block who has noticed and circled the recent strength of the expiration’s of late (defined in the Weekly section) as the market seemed poised for a test of support only to find early buyers. There will likely be additional declines, whether it is with the Sept or Oct contract remains to be seen.
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
