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(M18) 99.120-150 Resistance....>

SHORT-STERLING TECHS: (M18) 99.120-150 Resistance Key This Week
*RES 4: 99.200 Repeated daily highs Mar
*RES 3: 99.170 High Mar 21
*RES 2: 99.150 Alternating daily support/resistance
*RES 1: 99.120 Low Mar 26 now resistance
*SUP 1: 99.075 2018 Low Apr 4
*SUP 2: 99.060 Monthly Low June 23 2016
*SUP 3: 99.003 Weekly Bear channel base
*SUP 4: 98.990 Monthly Low May 31 2016
*COMMENTARY: Bulls take comfort in the correction back towards the 99.120-150
resistance region with the 21-DMA noted at 99.139. Bulls still need a close
above 99.120 gain breathing room and above 99.150 remains needed to shift focus
back to 99.200-220 where the 55-DMA (99.200) is noted. While 99.120 caps
immediate focus remains on 98.930 April 2016 monthly lows.

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