Some Signs of Calming

Daily Continuous

I know this is a reach but the market actually showed some signs of maturity– after ripping upward over $6.00 it, again retraced rather than hold the gains. At $4 and $5 once it ripped up the chase was on. Perhaps my need to see some consolidation is clouding my vision that prices will just continue to jump leaps and bounds– but the trader in me has seen many of these events since 1991 and if they don’t build orderly — then it gets ugly real quick.

Major Support:$5.416, $5.341, $5.17, $4.88, $4.61, $4.537,$4.375, $4.211, $4.156, $3.92, $3.821, $3.722,
Minor Support: $4.728-$4.70, $4.66
Major Resistance:
$5.93, $5.88-$6

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