(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: 99.386 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.