Was expecting slight retracement in prices to set up a rally into expiration as the market has done over the last few months (see Weekly), but this action looks like it wants to stay strong up and into expiration. This may be related to options that expire today– we will have to wait until the expiration occurs. I was interested that the market went up to just short of the $4.00 area (perhaps seeking option traders) before they melted down toward the close.
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
