(M18) Bears Need Close Below...>

SHORT-STERLING TECHS: (M18) Bears Need Close Below 99.325

*RES 4: 99.390 Lows Dec 5 & 8, Low Feb 8 now resistance

*RES 3: 99.377 Bollinger band top

*RES 2: 99.370 2018 High Jan 3

*RES 1: 99.340 Repeated Daily Highs Jan & May

*PREVIOUS CLOSE: 99.335

*SUP 1: 99.325 Low May 17

*SUP 2: 99.305 Lows May 14 & 15

*SUP 3: 99.287 200-DMA

*SUP 4: 99.250 Low May 9

*COMMENTARY: Immediate pressure remains on 99.340-370 where 2018 highs are

located. Bulls look for a close above 99.370 to initially target the 100-WMA

(99.417) and then the LT bear channel top (99.465) off Sept 2016 highs. Support

layers are building with bears now needing a close below 99.325 to gain

breathing room and below the 200-DMA to hint at a correction back to 99.210-240

where the 100-DMA is situated.