Didn’t see that extension to the downside. Shaved my short positions last week on support test — then proceeded to get stopped out of a little length from Sunday night. Obviously, shaving the short left $.40 on the table but will get the opportunity replay later this winter. Not sure where the low end of the new range will be –trade over the next few days will define as the market is hitting extreme zones in the momentum indicators. Needless to say– the upside of the range will be the gap in both the weekly and daily charts.
Major Support: $6.02, $5.623, Minor Support $5.548, $5.40-$5.45 Major Resistance:$6.314, $6.74, $7.18, $7.532, $7.71-7.75, 8.021, $9.05-$9.12,$9.35,
