Well here we are mid week and we are still holding up.
So far it hasn't retested the previous weeks high nor the low and compared to Fridays volume of 2,380,388 the last three days have only seen 1,356,658 traded so far this week and what looks like a rising three candle pattern formed, confirmation or not should happen tomorrow.
My divergence indicator has made a lower low than the sp so for tomorrow I see two possibilities from this (as usual)
If the rising three candle pattern is valid them a rally with a big candle forming and $0.235 getting a touch up again OR
if the possible divergence forming does become more pronounced then $0.20 - 205 could become a critical support level that has to hold until news time.
The chart just now seems to have lost momentum and is struggling to hold up with conviction.
but the lack of volume would normally indicate that there is no convincing selling pressure either.
I prefer the bullish candle pattern over the divergence at this stage and expect the support to hold.
We wait.
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