TECHS: (M0) Still Vulnerable *RES 4: 144.00....>

BTPS: TECHS: (M0) Still Vulnerable

*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: 137.45 @ Close Apr 16

*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 this week and maintains a bearish theme. The move

lower this week confirms a resumption of recent weakness and opens 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 current bearish tone.