I Stand Corrected–Unlikely That Q2 High Is In

Daily Continuous

Mentioned yesterday that the it was unknown if the Q2 high was established and that upcoming trade would help define. If prices can’t set a higher high than the May high after yesterday’s gap opening and $.70 rally it is going to miss a great chance to break out above. Not many resistance zones above that level until you hit $10 and above. Declines will need to close the gap from yesterday at $8.73.

Major Support:$$8.73, 8.283-$8.24, $8.12
Minor Support: $8.065, $7.69,$7.36,
Major Resistance: $9.447, $9.60