Are Cracks Developing in Bear Cave

Daily Continuous

Not saying that the bear market is coming to a new definition but some of the “divergences” may be starting to develop. A lower low last week , but not confirmed with a lower RSI (lacking momentum), declining open interest (see Weekly) as prices rose, prices manage to close just at (or slightly above) the the 2 standard deviation band. This may be a market that will need time to correct from its condition (see Weekly) but it will and there is likely higher prices and more short covering headed into the game.

Major Support:, $1.595, $1.52-$1.519, $1.432, $1.312
Minor Support :
Major Resistance: $1.863, $1.94-$1.967, $2.00, $3.00, $3.16, $3.48, $3.536, 3.59

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