TECHS: (H0) Bearish Focus Remains Intact.......>

BTPS: TECHS: (H0) Bearish Focus Remains Intact

*RES 4: 145.05 2.236 projection of Dec 3 - Dec 4 rally from Dec 6 low

*RES 3: 144.68 2.00 projection of Dec 3 - Dec 4 rally from Dec 6 low

*RES 2: 144.45 High Dec 18 and bull trigger

*RES 1: 143.28 High Dec 19

*PRICE: 142.39 @ Close Jan 2

*SUP 1: 141.58 Low Jan 2

*SUP 2: 141.54/42 Low Dec 6 / Low Dec 3 and bear trigger

*SUP 3: 141.00 Round number support

*SUP 4: 140.18 2% 10-day MA envelope

H0 BTPS remains bearish. Gains stalled on Dec 18 at the key resistance of

144.44, Nov 26 high. Futures briefly probed this level on the day with a high

print of 144.45 before finding resistance. The failure to clear resistance and

subsequent pullback signals a resumption of the broader downtrend with attention

on the bear trigger at 141.42, Dec 3 low. A break of this support would open

141.00 next. Clearance of 144.45 is needed to signal a bullish reversal.