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(M18) Focus On 98.930-990......>

SHORT-STERLING TECHS
SHORT-STERLING TECHS: (M18) Focus On 98.930-990
*RES 4: 99.220 Repeated daily highs Feb
*RES 3: 99.200 Repeated daily highs Mar
*RES 2: 99.170 High Mar 21
*RES 1: 99.150 Alternating daily support/resistance
*PREVIOUS CLOSE: 99.095
*SUP 1: 99.060 Monthly Low June 23 2016
*SUP 2: 99.010 Weekly Bear channel base
*SUP 3: 98.990 Monthly Low May 31 2016
*SUP 4: 98.930 Monthly Low April 2016
*COMMENTARY: The sell-off from failures at the 99.200 level resulted in fresh
2018 & 10mth lows Thursday with bears reconfirming bearish momentum with fresh
2018 & nearly 2yr lows Tuesday. Bears now focus on 98.930 April 2016 monthly
lows. The 99.150-170 resistance region remains key. Bulls need a close above
this region to ease bearish pressure and shift focus back to 99.200-229 where
the 55-DMA is noted.

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