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

SCHATZ TECHS
SCHATZ TECHS: (M18) Lacks Follow Through Below 55-DMA
*RES 4: 111.945 Highs Apr 5 & 6 
*RES 3: 111.940 High May 4 
*RES 2: 111.900 Hourly resistance May 14 
*RES 1: 111.880 55-DMA
*PREVIOUS CLOSE: 111.875
*SUP 1: 111.845 Low May 15 
*SUP 2: 111.830 Low Mar 14 
*SUP 3: 111.807 100-DMA 
*SUP 4: 111.805 Low Mar 9
*COMMENTARY: Topside hesitation has resulted in a sell-off Monday but support
emerging on dips back towards 111.830 is less than ideal. Bulls now need a close
above the 55-DMA to gain breathing room and above 111.945 to shift initial focus
back to 111.990. While the 55-DMA caps bears focus on the break of 111.805
needed to confirm traction below the 100-DMA and initially target 111.715-724
where the 200-WMA is noted.

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