(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

*PREVIOUS CLOSE: 99.110

*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.