Prices opened with a large gap in the daily charts on Sunday — only to spend the next four hours closing the gap. There is a struggle this week between the historical trend of expiration’s being well bid versus the momentum from last week’s reversal (see Weekly section). This will provide some insight as to June’s tenure for the near term but the longer term bias has not changed as the market remains a bullish bias.
Major Support:, $6.411-$6.392, $6.247-$6.278, $5.27-$5.199, $5.001, $4.40-$4.26, $4.187, $3.972, $3.734 Minor Support: $6.00, $5.063, $5.04, $4.88, $4.60-$4.557 Major Resistance: $7.346 , $7.427, $7.536
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