A Little More of the Gap Close

Daily Continuation

It looks like a small bite at a time as the market chews into the gap from last January. regardless of the bites the price action is different with the bias more positive, Build positions on retrace action but keep in mind, the overall trend remains bearish – though the current trade is more bullish.

Major Support:, $1.595, $1.52-$1.511, $1.481, $1.312
Minor Support : $2.00, $1.967- $1.94
Major Resistance: $2.148, $2.168-$2.411 (gap)

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