The market doesn’t show its hand much clearer than last week. Starting the week off weak prices rallied, then it provided two more occasions to add to or explore weakness- both of them turned out to be buying opportunities. The old saying of buying the dips in a bull market is successful proved itself evident as each one of the buying opportunities were high volume days and even when the market started to correct, volume went down–low volume days on short corrections is a bullish signal as well. No ideas as to when the buying stops or why but watch the technical indications for some signal. One to consider is a higher high daily (or weekly) reversal.
Major Support: $3.16-$2.97, $2.727, $2.648, Minor Support : $4.369, $4.212, $4.00, $3.827-$3.801 $3.742 Major Resistance: $4.461, $4.501, $4.551, $4.746-$4.75, $5.031
