Big run up in the Sunday night market only to find ample selling when the full market opened. Last week’s behavior was informative (discussed in the Weekly section) but did not totally resolve the near term direction (nor the definitive bias component). We now sit in a new range market that will lead us either to consolidation, confirmation (bias), or capitulation (breaking the low end of range).
Major Support: $3.16-$2.97, $2.727, $2.648, Minor Support : $4.00, $3.827-$3.801 $3.742 Major Resistance: $4.168, $4.461, $4.501, $4.551, $4.746-$4.75, $5.031
