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(H18) Key Resistance Capping...>

SHORT-STERLING TECHS
SHORT-STERLING TECHS: (H18) Key Resistance Capping
*RES 4: 99.450 Low Sept 13 now resistance
*RES 3: 99.410 High Sept 15
*RES 2: 99.390 Monthly Lows June 30 now resistance
*RES 1: 99.360 Highs Sept 18 & 19
*PREVIOUS CLOSE: 99.350
*SUP 1: 99.330 Lows Oct 4 - 6
*SUP 2: 99.310 Low Sept 20 & 28
*SUP 3: 99.230 High June 21 2016 now support
*SUP 4: 99.110 Monthly Low June 23 2016
*COMMENTARY: Despite looking heavy bears failed to manage the close below 99.310
needed to pressure 99.230. Correcting O/S daily studies remain the key concern
for bears and support a correction. Key resistance is still noted at 99.360 with
bulls needing a close above to gain breathing room. A close above 99.410 is
again needed to shift focus to 99.495-520 where 55, 100 & 200-DMAs are
clustered.

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