Discuss the effect of the Weekly reversal last week in the Weekly area — but a reversal is a reversal and should be respected as such. You know my attitude about the expiration process and not trading the prompt but focusing on next month and with the $.25 premium placed on July it would seem to be a reasonable time to evaluate the possible seasonal weakness into July’s early tenure before getting too aggressive.
Major Support:, $1.595, $1.52-$1.511, $1.481, $1.312 Minor Support : $2.168, $2.12, $2.00, $1.967- $1.94 Major Resistance: $2.46, $2.67, $2.844
