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Trend Needle Points South

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Heading North

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SHORT-STERLING TECHS
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: 99.386 Bollinger band top
*RES 1: 99.370 2018 High Jan 3
*PREVIOUS CLOSE: 99.345
*SUP 1: 99.335 Lows May 21 & 22
*SUP 2: 99.325 Low May 17
*SUP 3: 99.305 Lows May 14 & 15
*SUP 4: 99.285 200-DMA
*COMMENTARY: Pressure on 99.340 has taken its toll with closes above this level
that 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
99.335 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
(99.229) is situated.

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