Not sure what you fundamental folks are expecting on Thursday, but the “big” number may finally let us define the low end of the upcoming range trade. Should it be around $5.65 that would set up the potential for a nice $.75 range that will provide solid trading gains. Market is not in the extreme zones in the market momentum indicators which can announce a “change” in direction (though briefly). Be patient and let the market define itself. Believe it or not, dating back a year — the market continues to have a long term bullish bias — granted that is hard to accept after the last $1.00 decline.
Major Support: $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,
