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Bearish Key Day Reversal *RES 4:........>

CABLE TECHS
CABLE TECHS: Bearish Key Day Reversal
*RES 4: $1.3259 2017 High July 3 
*RES 3: $1.3208 Hourly support Aug 3 now resistance 
*RES 2: $1.3191 Hourly support Aug 1 now resistance 
*RES 1: $1.3155 Hourly resistance Aug 3
*PRICE: $1.3139 @ 0430GMT
*SUP 1: $1.3113 Low Aug 3 
*SUP 2: $1.3094 Low July 31 
*SUP 3: $1.3052 Low July 27 
*SUP 4: $1.3046 21-DMA
*COMMENTARY: Fresh 2017 highs lacked follow through Thursday with the sell-off
resulting in a bearish key day reversal and focus back on layers of support
$1.3046-1.3094 where the 21-DMA and rising daily TL are located. Correcting O/B
daily studies add weight to the bearish case with below $1.3046 initially
targeting $1.2920-1.3004 where the 55-DMA ($1.2920) is noted. Bulls need a close
above $1.3208 to shift focus back to 2017 highs.

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