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(M18) Inside Day, 55-DMA.......>

SHORT-STERLING TECHS
SHORT-STERLING TECHS: (M18) Inside Day, 55-DMA Support Key
*RES 4: 99.270 Lows Feb 2 & 5 now resistance
*RES 3: 99.234 100-DMA
*RES 2: 99.220 Repeated daily highs Feb
*RES 1: 99.210 High Apr 20
*PREVIOUS CLOSE: 99.190
*SUP 1: 99.169 55-DMA
*SUP 2: 99.150 Alternating daily support/resistance
*SUP 3: 99.117 21-DMA
*SUP 4: 99.095 Low Apr 13
*COMMENTARY: A gapping move higher Friday sees bullish focus back on 99.220-234
where the 100-DMA and 21-WMA are located. Above the 100-DMA is needed to shift
focus to the key 99.270 resistance. The move looks a little overdone but bears
now need a close below the 55-DMA to ease bullish pressure and below the 21-DMA
to return focus to 99.075-095 where 2018 lows are situated.

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