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(M18) Bears Need Close Below...>

SHORT-STERLING TECHS
SHORT-STERLING TECHS: (M18) Bears Need Close Below 200-DMA
*RES 4: 99.390 Lows Dec 5 & 8, Low Feb 8 now resistance
*RES 3: 99.370 2018 High Jan 3
*RES 2: 99.352 Bollinger band top
*RES 1: 99.340 Repeated Daily Highs Jan
*PREVIOUS CLOSE: 99.305
*SUP 1: 99.289 200-DMA
*SUP 2: 99.250 Low May 9
*SUP 3: 99.240 Repeated daily lows Apr/May
*SUP 4: 99.228 100-DMA
*COMMENTARY: Hesitation ahead of the 200-DMA came to an end with an aggressive
rally and bullish close that sees immediate focus now on 99.340-370 where 2018
highs are located. O/B daily studies remain the key concern for bulls. Bears now
need a close below the 200-DMA to gain breathing room and hint at a correction
back to 99.210-240 where the 100-DMA is situated.