Yesterday’s $.30 range in prices was one of the lowest of late and was well below the 14 day Average True Range (ATR) which is currently $.52 in the daily charts. Perhaps, the market is pausing in both directions to evaluate the next round of fundamental information. Until the market decides, work the market with some options as the volatility declines, cheapens the cost of the options.
Major Support: $7.956, $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:$8.299, $8.58-$8.61, $9.021, $9.35, $9.40, 9.664–$9.67, $9.98
