SCHATZ (U18) Bullish Signals *RES 3:...>

SCHATZ TECHS: SCHATZ (U18) Bullish Signals

*RES 3: 112.270 High May 30

*RES 2: 112.130 High July 2

*RES 1: 112.080 High July 6

*PREVIOUS CLOSE: 112.045

*SUP 1: 111.930 Downtrend resistance now support

*SUP 2: 111.966 21-DMA

*SUP 3: 111.850 Low August 1

*SUP 4: 111.815 May 22

Bullish signals continue to be developed with gains through initial down

trendline resistance and the 50-dma to test the 112.080 level. A further break

above here will put the focus on the 112.130 area and then the 112.270 May 30

highs. Bears need to break back below resistance-turned-support now at 111.930

to gain some breathing room. A break below the 21-DMA at 111.965 would shift the

outlook back to neutral.