TECHS: (M0) Recovery Extends *RES 4: 140.00....>

BTPS: TECHS: (M0) Recovery Extends

*RES 4: 140.00 Round number resistance

*RES 3: 138.79 High Apr 16 and near-term key resistance

*RES 2: 138.29 20-day EMA

*RES 1: 137.98 High Apr 24

*PRICE: 136.92 @ Close Apr 24

*SUP 1: 134.61 Low Apr 24

*SUP 2: 132.61 Low Apr 22 and the bear trigger

*SUP 3: 132.30 61.8% retracement of Mar 18 - 27 rally

*SUP 4: 130.00 Round number support

BTPS found support Friday extending the bounce off Wednesday's 132.61 low. The

bounce is likely a correction and underlying directional conditions remain

bearish. Price last week traded through 135.72, Apr 15 low to confirm a

resumption of the move lower that started on Mar 27. The focus is on 132.30

next, 61.8% of the Mar 18 - 27 rally. Initial resistance is at 137.98/ 138.29. A

break of the 138.79 level though, Apr 16 high is needed to reverse the tone.