Many of you bears out there will claim that there was a break to a lower low (thereby reversing the recent bull trend) but prices did not close below that level to confirm a break down. Though the push below, the previous low, was impressive, currently it accomplished nothing more that expanding the trade range. I will be gone today so there will not be a Daily on Friday– my only comment is to work the range with tight stops — but the trend of the last couple of months is still in tack but has suffered some technical damage.
Major Support: $4.88-$4.825, $4.61, $4.537,$4.375, $4.211, $4.156, $3.92 Minor Support: $4.728-$4.70, $4.66 Major Resistance:$5.028, $5.148-$5.166, $5.379-$5.40, $5.64, $5.964, $5.996,$6.177, $6.24-$6.493
