Sunday Night Closes Gap

Daily Continuation

The small gap left from last week on the Daily and Weekly charts (last Monday opening) started to be closed last Friday and now has been closed in the early trade on Sunday night. From here, extensions to support zones should continue during the upcoming week. Though the declines have been startling the market has still not traded to a lower low (discussed in the Weekly) and remains in the current (one year plus) bias.

Major Support: $5.275, $5.17, $4.88-$4.825, $4.61, $4.537,$4.375, $4.211, $4.156, $3.92
Minor Support: $5.489, $4.728-$4.70, $4.66
Major Resistance
:$5.47, $5.568, $5.96, $6.00

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