As discussed yesterday– when prices closed below the 200 day SMA and the 40 Week SMA for two days, prices immediately repudiated with in a day. Yesterday may be a similar response but the market will need to confirm the rebound over the next few days. Until confirmation of the rebound, would be hesitant to add dramatically to length.
Major Support: $6.519, $6.504, $6.38, $6.02, $5.623, Minor Support $6.42, $5.548, $5.40-$5.45 Major Resistance:$7.18, $7.532, $7.71-7.75, 8.021, $9.05-$9.12,$9.35, $9.40, 9.664–$9.67, $9.9
