(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: 111.919 Bollinger band top

*PREVIOUS CLOSE: 111.900

*SUP 1: 111.855 Low Mar 15 

*SUP 2: 111.830 Low Mar 14 

*SUP 3: 111.805 Low Mar 9 

*SUP 4: 111.797 21-DMA

*COMMENTARY: The closes above the 100-DMA (111.891) add to bullish confidence

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

support emerge on dips. Bears 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

(111.797) and 55 (111.735) DMAs may support along the way. The Bollinger top is

the key concern for bulls and limits follow through.