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(M18) Bulls Need Close Above 112.240...>

SCHATZ TECHS: (M18) Bulls Need Close Above 112.240
*RES 4: 112.405 Hourly resistance May 29 
*RES 3: 112.335 Alternating hourly support/resistance 
*RES 2: 112.240 Hourly resistance May 30 
*RES 1: 112.205 High May 31
*SUP 1: 112.090 Low May 31 
*SUP 2: 112.035 Low May 28 
*SUP 3: 111.994 21-DMA 
*SUP 4: 111.985 Low May 24
*COMMENTARY: A lack of topside follow through and a move looking a little
overdone combined to produce a correction lower Wed and further losses Thurs.
Correcting O/B daily studies are adding weight to the case for a deeper sell-off
and an increased risk of a test of 111.930-994 where 21 & 55-DMAs are found.
Bulls still need a close above 112.240 to gain breathing room and above 112.335
to reconfirm focus on 112.540-695 last seen in Mar/Apr 2017.

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