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TECHS: (M0) Pullback Considered A Correction...>

BTPS
BTPS: TECHS: (M0) Pullback Considered A Correction
*RES 4: 144.00 High Mar 30
*RES 3: 143.45 0.500 projection of Mar 18 - 27 rally from Apr 22 low
*RES 2: 143.00 High May 28 / 29 and the bull trigger
*RES 1: 142.78 High Jun 2
*PRICE: 141.63 @ Close Jun 3
*SUP 1: 141.24 Low May 27 and Jun 3
*SUP 2: 140.61/30 20-day and 50-day EMA
*SUP 3: 139.64 Low May 20 and key near-term support
*SUP 4: 137.52 Low May 18
BTPS are trading lower however this is considered a correction and the outlook
remains bullish. Futures found support on May 7 at 135.43. The recovery since,
confirmed a bull cycle and on May 18/19 futures confirmed a resumption of
bullish strength following the break of 139.77, Apr 30 high. The focus is on
144.00 next, Mar 30 high and a key resistance at 145.69, Mar 27 high. Firm
support lies at 139.64, May 20 low.

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