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(U18) 112.155 Resistance Key Today.....>

SCHATZ TECHS
SCHATZ TECHS: (U18) 112.155 Resistance Key Today
*RES 4: 112.350 Hourly resistance May 29 
*RES 3: 112.270 High May 30 
*RES 2: 112.155 Hourly resistance May 30 
*RES 1: 112.120 High May 31
*PREVIOUS CLOSE: 112.045
*SUP 1: 111.960 Low June 1 
*SUP 2: 111.925 High May 24 now support 
*SUP 3: 111.893 21-DMA 
*SUP 4: 111.815 Alternating daily support/resistance
*COMMENTARY: A lack of topside follow through and a move looking a little
overdone combined to produce a correction lower Wed with losses continuing
Monday. Correcting O/B daily studies are adding weight to the case for a deeper
sell-off and an increased risk of a test of 111.787-815 where 55 & 100-DMAs are
found. The 112.155 resistance is now key. Bulls need a close above this level to
gain breathing room and above 112.270 to shift focus back to 112.425.

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