Prices got a solid bid during the night on Wed night — so much that it challenged $2.88+. Did not last long, when the market came in and declines started in earnest and broke below the previous close. Interesting to watch — but I would not trade this market until it defines solid support and resistance. Remember, that the Feb is now at a $.40 premium to March and March is trading in and below a major support zone.. Going to take a casual approach to this expiration — focusing more on the continuation charts.
Major Support:, $2.00, $1.991-$1.96, $1.795-$1.766 Minor Support $2.47, $2.38-$2.26, $2.17 Major Resistance $3.00, $3.16, $3.48, $3.536, 3.59, $3.65
