TECHS: (M0) Bearish Focus *RES 4: 144.00.......>

BTPS: TECHS: (M0) Bearish Focus

*RES 4: 144.00 High Mar 30

*RES 3: 142.68 High Mar 31

*RES 2: 141.13 High Apr 9 and near-term key resistance

*RES 1: 138.79 High Apr 16

*PRICE: 137.96 @ Close Apr 17

*SUP 1: 135.72 Low Apr 15

*SUP 2: 134.85 50.0% retracement of Mar 18 - 27 rally

*SUP 3: 133.73 High Mar 18 and gap low on the daily chart

*SUP 4: 132.30 61.8% retracement of Mar 18 - 27 rally

BTPS traded sharply lower last week and for now maintains a bearish theme. The

move lower last week confirms a resumption of recent weakness that began Mar 27.

The focus is on 134.85 next, 50% retracement of the Mar 18 - 27 rally and

133.73, Mar 18 high. A print of the latter would fill a gap on the daily chart

created on Mar 19. Initial resistance is at 138.79 ahead of 141.13. The latter

is the Apr 9 high where a break is required to ease the bearish tone.