Remember, the folks that have been buying each dip have just been smoked on the accelerated declines — so if you are looking for support on each dip — tread carefully. By the same token the market has not proven that each rally will be sold– guess we need some time to establish the “mood” of the traders and there machines.
Major Support:$7.36, $7.21, $6.60
Minor Support: $$6.60, $6.245,
Major Resistance:$7.66, $7.725, $7.816, $7.955