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(U17) Bears Need Close Below 100-DMA...>

SCHATZ TECHS
SCHATZ TECHS: (U17) Bears Need Close Below 100-DMA
*RES 4: 112.150 Daily Bull channel top 
*RES 3: 112.110 Low May 30 now resistance 
*RES 2: 112.090 High June 16 
*RES 1: 112.085 High July 31
*PREVIOUS CLOSE: 112.070
*SUP 1: 112.050 100-DMA 
*SUP 2: 112.020 Low July 28, 55-DMA 
*SUP 3: 112.010 Hourly support July 26 
*SUP 4: 112.000 Daily Bull channel base
*COMMENTARY: Higher daily highs and lows continue which adds support to the
bullish case. Layers of resistance remain 112-090/110 with bulls needing a close
above to target 112-180/230 although the channel top may slow the move. Layers
of support continue to accumulate with bears needing a close below the 100-DMA
to ease bullish pressure and shift focus back to 112.000-020 where the bull
channel base and 55-DMA are located.

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