(M18) Above 99.125 To Gain.....>

SHORT-STERLING TECHS: (M18) Above 99.125 To Gain Breathing Room

*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: 99.125 High Apr 17

*PREVIOUS CLOSE: 99.120

*SUP 1: 99.095 Low Apr 13

*SUP 2: 99.075 2018 Low Apr 4

*SUP 3: 99.060 Monthly Low June 23 2016

*SUP 4: 99.003 Weekly Bear channel base

*COMMENTARY: Bulls take comfort in the marginal close above the 21-DMA (99.118)

but now look for a close above 99.125 to gain breathing room and above 99.150 to

shift focus back to 99.170-220 where the 55-DMA (99.178) is noted. Bears need a

close below 99.095 to gain breathing room and below 99.060 to reconfirm the

bearish bias and maintain focus on 98.930 April 2016 monthly lows.