After discussing all the history around the “gap” events at the first of the year — the market decided to make a fool of me again by having one of the calmest openings to a new year in quite awhile. Now the price action remains in the “old” range trade and is chasing the high end of the range. Continue to work for the $.25 margins provided well within the range.
MajorSupport: $3.734, $3.63, $3.584-$3.522 Minor Support: Major Resistance:$3.827, $4.02, $4.127, $4.20, $4.278