The action was quiet and likely to be lighter as the week moves on. Several folks have mentioned that the way the Holiday sets up — folks will be taking time before as well as after the Holiday. In spite of the folks traveling volume was stronger as it has been on the last three Mondays. Expect this type of behavior to continue with this caveat– the amount of open interest (bulls loosing faith) that has left the market during the month, leaves the potential for upside bias and the last nine months being well did into expiration, may eventually run prices.
MajorSupport: $3.734, $3.63, $3.584-$3.522 Minor Support: Major Resistance: $3.91-$3.93, $4.02, $4.127, $4.20
