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(H18) 99.310 Support Holding...>

SHORT-STERLING TECHS
SHORT-STERLING TECHS: (H18) 99.310 Support Holding Firm
*RES 4: 99.410 High Sept 15
*RES 3: 99.390 Monthly Lows June 30 now resistance
*RES 2: 99.360 Highs Sept 18 & 19
*RES 1: 99.330 High Sept 28
*PREVIOUS CLOSE: 99.340
*SUP 1: 99.310 Low Sept 20 & 28
*SUP 2: 99.230 High June 21 2016 now support
*SUP 3: 99.110 Monthly Low June 23 2016
*SUP 4: 99.040 Monthly Low May 31 2016
*COMMENTARY: Despite remaining heavy bears have far failed to manage the close
below 99.310 needed to pressure 99.230. Correcting O/S daily studies remain the
key concern for bears as the Bollinger base is currently not an issue. Key
resistance is still noted at 99.360 with bulls needing a close above to gain
breathing room. A close above 99.410 is needed to shift initial focus back to
the 21-DMA (99.427) and overall focus to the 200-DMA (99.506).

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