Went into the technical details of the rally last week in the Weekly section. Early trade on Monday and Monday night suggests the market is not comfortable with last week’s trade and expiration, as prices are declining off of the close on Friday. Due to the close a brief correction is clearly called for– the key issue is how far the correction will take prices down. Should the declines be rejected then the resistance around $3.16 will become critical.
Major Support: $2.843, $2.727, $2.648 Minor Support : Major Resistance:$2.97-$2.99-$3.00, $3.061, $3.16, $3.192, $3.25-$3.31,$3.39, $3.62, $4.168, $4.461,
