The initial phase of re-entry from the blast off (blow off) top started yesterday — but be cautious. The movement down below $7.00 was informative but not the end-all. The bulls may want to try consolidation for movements, but not sure if that starts until prices test the $6.50 area. Yesterday’s low went just down to the lows from Thursday (before the Holiday shortened weekend) only to find support (shocking). Still recommend patience here.
Major Support:$6.538, $5.27-$5.199, $5.001, $4.40-$4.26, $4.187, $3.972, $3.734, $3.63, $3.584-$3.522 Minor Support: $6.757, $6.00, $5.063, $5.04, $4.88, $4.60-$4.557 Major Resistance: $7.346 , $7.427, $7.536
