(U18) 55-DMA The Next Line.....>

SHORT-STERLING TECHS: (U18) 55-DMA The Next Line Of Attack

*RES 4: 99.300 High May 31 

*RES 3: 99.220 High June 26 

*RES 2: 99.205 High July 18 

*RES 1: 99.193 55-DMA 

*PREVIOUS CLOSE: 99.165 

*SUP 1: 99.155 Channel resistance from May 31 high now support 

*SUP 2: 99.154 21-DMA 

*SUP 3: 99.150 Lows July 5 & 23 

*SUP 4: 99.125 Lows August 2 

The rally above its 200-DMA has confirmed the breakout of the downtrend from the

May 31 highs, and bulls now set their sights on the 55-DMA which currently sits

at 99.139. Bears need to close back below channel resistance-turned-support at

99.155 to re-establish the downward trend and put the focus back on the August 2

lows.