(M18) Bears Need Close Below 111.855...>

SCHATZ TECHS: (M18) Bears Need Close Below 111.855

*RES 4: 112.065 Monthly low Sept 2017 

*RES 3: 112.050 2018 High Mar 5 

*RES 2: 111.945 Low Mar 8 now resistance 

*RES 1: 111.906 Bollinger band top

*PREVIOUS CLOSE: 111.900

*SUP 1: 111.870 Low Mar 16 

*SUP 2: 111.855 Low Mar 15 

*SUP 3: 111.830 Low Mar 14 

*SUP 4: 111.805 Low Mar 9

*COMMENTARY: The close above the 100-DMA (111.892) adds to bullish confidence

but a close above 111.945 is needed to confirm focus on 112.050-065. Layers of

support continue to emerge. Bears now need a close below 111.855 to gain

breathing room and below 111.805 to target a correction back to 111.715 although

the 21 (111.787) and 55 (111.733) DMAs may support along the way. The Bollinger

top is the key concern for bulls and limits follow through.