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(M18) Bears Now Need Close.....>

SHORT-STERLING TECHS: (M18) Bears Now Need Close Below 99.345
*RES 4: 99.403 Bollinger band top
*RES 3: 99.390 Lows Dec 5 & 8, Low Feb 8 now resistance
*RES 2: 99.385 2018 High May 23 & 29
*RES 1: 99.370 Lows May 28-30 now resistance
*SUP 1: 99.345 Low May 23
*SUP 2: 99.335 Lows May 21 & 22
*SUP 3: 99.325 Low May 17
*SUP 4: 99.322 21-DMA
*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. The close
below 99.370 sees bears gain breathing room with a close below 99.345 to
pressure 99.316-325 where the 21-DMA is situated. Bulls now look for a close
above 99.385 to reconfirm the bullish bias and focus on 99.416-465 where the
100-WMA and weekly bear channel top are located.

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