Still a Bearish Trade in a Bull Trend

Daily Continuation

Nice rally continues after testing the major support. It is still a bearish trade (when prices broke below $7.40) in a long term bullish trend. That correlates to paring positions on the rallies if you are long the rally or adding to short positions on rallies play the game with the expectations of the ranges being tested.

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

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