(M18) Bears Need Close Below...>

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

*RES 4: 99.416 100-WMA

*RES 3: 99.390 Lows Dec 5 & 8, Low Feb 8 now resistance

*RES 2: 99.379 Bollinger band top

*RES 1: 99.370 2018 High Jan 3

*PREVIOUS CLOSE: 99.345

*SUP 1: 99.340 Repeated Daily Highs Jan & May now support

*SUP 2: 99.325 Low May 17

*SUP 3: 99.305 Lows May 14 & 15

*SUP 4: 99.286 200-DMA

*COMMENTARY: Pressure on 99.340 has taken its toll with a close above this level

that now sees immediate focus on 99.370 and overall focus on 99.416-465 where

the 100-WMA and weekly bear channel top are located. Initial support is now

noted at 99.340 but bears look for 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.