That also aligns with the run from low 31.5 to high 152.5 = 121 + low 89 = 210.
204 is the 50% retracement from 396 - 12.5
May 2012 major monthly low at 202.
Good target to watch for a general market pull back - although we are in a major upward cycle so not sure I'm likely to trade it. FED looking for another stimulus package for small/medium business despite what the equity market is showing... the real economy started to kick in last night and has a long way to go.
SLR Price at posting:
$1.91 Sentiment: None Disclosure: Not Held