Without Short Covering – Rallies Are Slow

Daily Continuation

In the head line I wrote about a short covering rally starts off with a bang as the shorts struggle to cover. In longer term run in prices (long term bias change) which are characterized by one step back followed by two steps forward. Important week in the coming ten days to establish the bias.

Major Support: $3.167, $3.06, $3.00-$2.97, $2.843, $2.727, $2.648
Minor Support :
Major Resistance: $3.192, $3.25-$3.31,$3.39, $3.62, $4.168, $4.461,

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