(M18) Bears Need Close Below...>

SHORT-STERLING TECHS: (M18) Bears Need Close Below 99.345

*RES 4: 99.416 100-WMA

*RES 3: 99.398 Bollinger band top

*RES 2: 99.390 Lows Dec 5 & 8, Low Feb 8 now resistance

*RES 1: 99.385 2018 High May 23 & 29

*PREVIOUS CLOSE: 99.380

*SUP 1: 99.345 Low May 23

*SUP 2: 99.335 Lows May 21 & 22

*SUP 3: 99.325 Low May 17

*SUP 4: 99.305 Lows May 14 & 15

*COMMENTARY: Fresh 2018 highs lacked follow through which is less than ideal

given O/B daily studies and the proximity of the Bollinger band top. In saying

that, bulls currently focus on 99.416-465 where the 100-WMA and weekly bear

channel top are located. Bears now look for a close below 99.345 to gain

breathing room and below 99.325 to pressure 99.282-300 where 21 & 200-DMAs are

situated.