My discussion and expectations were accurate, as prices retraced the previous gains and tested (closed) within the area of resistance that had held the market gains for last few months. Key question remains does the new support zone (old resistance) hold the declines like it held the gains. My best guess is the the market will be forming a new range with the new support zone being defined in the near term.
Major Support: $2.47, $2.00, $1.991-$1.96, $1.795-$1.766 Minor Support $2.74, $2.38-$2.26, $2.17 Major Resistance $3.00, $3.536, 3.59
