While there was a slight rally into the expiration process and prices declined on the expiration day, they immediately regained strength with the May contract as prompt. Does this run eclipse the $5.65 or is there some consolidation period. Short term trade would include the run up to the aforementioned resistance and selling some on the gains. If you are shorting the market –keep stops tight as a break above that level will open you to a $.20 gain on the next move.
Major Support:$5.001, $4.40-$4.26, $4.187, $3.972, $3.734, $3.63, $3.584-$3.522 Minor Support: $5.063, $5.04, $4.88, $4.60-$4.557 Major Resistance: $5.572, $5.65, $6.24
