(M18) Lacks Follow Through Below.......>

SCHATZ TECHS: (M18) Lacks Follow Through Below 55-DMA

*RES 4: 111.946 Bollinger band top 

*RES 3: 111.945 Highs Apr 5 & 6 

*RES 2: 111.940 High May 4 

*RES 1: 111.900 Hourly resistance May 14

*PREVIOUS CLOSE: 111.880

*SUP 1: 111.855 Low May 14 

*SUP 2: 111.830 Low Mar 14 

*SUP 3: 111.809 100-DMA 

*SUP 4: 111.805 Low Mar 9

*COMMENTARY: Topside hesitation has resulted in a sell-off Monday and a dip

below the 55-DMA (111.878). The Bollinger base is noted at 111.843 and is the

key concern for bears. Bears continue to look for a close below 111.805 to

confirm traction below the 100-DMA and immediate focus on 111.715. Daily studies

are well placed for a fresh leg lower. Bulls now need a close above 111.900 to

ease bearish pressure. Above 111.945 is needed to initially target 111.990.