Big Gap Opening

Daily Continuous

Went into some of the technical / market internals that may be starting to change as prices have remained range bound while open interest has declined in the Weekly section. Needless to say there will be damage to the technical bearish bias if the gap open on Sunday night remains in place. It would be wise to wait for confirmation of the Sunday night run today before establishing substantial positions.

Major Support: $3.734, $3.63, $3.584-$3.522
Minor Support: $3.82
Resistance: $4.02, $4.127, $4.20, $4.278

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