This trade activity is starting to “tweek” me a little. Expected the reaction to IDA on Monday but without a significant amount of new information in the market, yesterday’s rally caught me off-guard. I learned a long time ago that when markets don’t behave like they should something is amiss. A market that gets bearish news on demand (natural gas) and goes up– sends a signal. Not sure what exactly is going on but discussed in the Weekly section, my thoughts on the potential market behavior.
Major Support: $4.211, $4.156, $3.92, $3.821, $3.722, $3.58, $3.538-$3.511, $3.385, $3.368-$3.316, Minor Resistance: $4.508-$4.485, Major Resistance: $4.532, $4.66
