Not like we didn’t see that decline coming — but now it gets interesting as the market still need to decline into the September expiration and then break through the support zones down to $2.47. As discussed in the Weekly, this decline may last more than just a day — so patience is a virtue in this area — let the trade indicate the move.
Major Support: $2.47, $2.00, $1.991-$1.96, $1.795-$1.766 Minor Support $2.38-$2.26, $2.17 Major Resistance$2.83, $3.00, $3.536, 3.59
