we have had some nice price action the last nine days and the price has managed to close above the 2.95 resistance level the last two days. im hoping todays action was merely a correction and not the mm's preparing to bring it down. if so this could be the new support level.
FES has charged through the first resistance and is only .29 shy of the second resistance at $3.52. the technicals are still strong and we may see this in the $3.50 to $3.60 range next week if the technicals hold and we dont receive too much negative news on the economy.