Just to confirm what a nerd I am with this market — I have decided to watch the market in 5 minute increments for a change. Yesterday, trade came in selling for the until about 8 am Central time then spent the next few hours consolidating before building a small rally into expiration. Why do you ask why I bring this up– this consolidation type trading is extremely boring for this trader so I just to look for anything that can give me a directional bias. Not so yesterday. Play the range discussed in the Daily yesterday and if I wake up early enough tomorrow I will proved some key technical details — if i don’t (may go skiing) well you know what to do.
Major Support:, $2.00, $1.991-$1.96, $1.795-$1.766 Minor Support : Major Resistance $3.00, $3.16, $3.48, $3.536, 3.59, $3.65