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TECHS: (U18) Break Of Downtrend Resistance ....>

BTPS
BTPS: TECHS: (U18) Break Of Downtrend Resistance 
*RES 4: 126.94 Medium Term Pivotal 
*RES 3: 126.24 High Aug 8 
*RES 2: 124.78 Near-Term Pivotal 
*RES 1: 124.32 High Aug 14 
*PREVIOUS CLOSE: 123.99 
*SUP 1: 122.24 Low Aug 16 
*SUP 2: 122.05 Low June 8 
*SUP 3: 121.02 Low May 30 
*SUP 4: 120.93 Channel Support 
The Sep-18 BTP managed to break above its down trendline resistance from the
July 19 peak yesterday which gives bulls some momentum to target the Aug 14
highs at 124.32. Above here would target the 124.78 pivot area. A failure to
break above 124.32 would keep the focus on the Aug 16 lows at 122.24, and a
break below here would extend the selloff to the June 8 lows. 

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