(H18) Key Resistance Capping...>

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.