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(M18) Bears Need Close Below...>

SHORT-STERLING TECHS
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.

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