Not sure the market will continue gains — but rather history suggests that this is seasonal period of weakness at the end of August and early Sept. There will be another test of support — but the support level may by higher ($7.50 per the Weekly analysis). Whether it can garner the support from there will remain a question. Sunday night trade suggests additional weakness– but that may just be the normal Sunday noise.
Major Support: $7.55, $7.14, $7.078, $6.88, $6.754,$6.38, $6.02, $5.623, Minor Support:$7.35, $7.41, $6.42, $5.548, $5.40-$5.45 Major Resistance: $8.95, $8.996-$9.057
