Can’t get more bearish going into expiration (options today, May on Tuesday) as prices are testing the support zone that has remained firm for a long period of time. A contrarian would suggest that prices may rise. I will remain committed to not trading May but rather look at some summer spreads as prices continue to decline.
Major Support: $2.640-$2.57 Minor Support/Resistance : $2.87-$2.84,$3.16-$3.148, $3.136, $3.02-$2.97 Major Resistance: $3.35, $3.486-$3.494, $3.567, $ 3.736
