Assuming that the trend from Sunday will continue through the open– expect additional weakness during the week as the Holiday pattern is likely to continue. May be a selling opportunity– but would not hold short positions for very long (or sell premium below). Buyers should be patient currently and let the flow develop.
Major Support: $3.25-$3.16, $3.054-$3.007, $2.97, $2.727, $2.648, Minor Support :$3.46, $3.30-$3.26 Major Resistance:$4.168, $4.461, $4.501
