Daily Continuation
Haven’t been able to communicate with you folks for a couple of days, but the market has gone nowhere for the last few days. As we enter expiration, would not be expecting anything different as to the price behavior. Continue with the range trade of the last three weeks.
Major Support: $2.00, $1.991-$1.96, $1.795-$1.766
Minor Support:$2.52-$2.47, $2.38-$2.26, $2.17
Major Resistance $2.816-$2.836, $3.00, $3.536, 3.59
I apologize but my server and computers were hacked into and some folk have tried to wire funds from my accounts. Should be clearing it up in the next few days but for now I have no access to charts etc.
Last week provided the initial test of support and declining in the normal post Independence day fashion– now lets see what the low end of this trading range is as last week provided solid tests of several levels (see Weekly section). The high end of the July range has likely been established with last week’s high– but that is not written in stone.
Major Support: $2.00, $1.991-$1.96, $1.795-$1.766
Minor Support:$2.52-$2.47, $2.38-$2.26, $2.17
Major Resistance $2.816-$2.836, $3.00, $3.536, 3.59
Prices declined to test last week’s low at $2.61 but found some buying the big area if the bears want some action is around $2.52 then from $2.52-$2.448. We shall see — volume doesn’t look like it is supporting the declines in a meaningful way.
Major Support: $2.00, $1.991-$1.96, $1.795-$1.766
Minor Support:$2.52-$2.47, $2.38-$2.26, $2.17
Major Resistance $2.816-$2.836, $3.00, $3.536, 3.59
