(U18) Bearish Momentum Builds *RES.....>

SCHATZ TECHS: (U18) Bearish Momentum Builds

*RES 4: 112.270 High May 30 

*RES 3: 112.130 High July 2 

*RES 2: 112.080 High July 6/Aug13,15,17 

*RES 1: 112.030 High Aug 22

*PREVIOUS CLOSE: 112.000 

*SUP 1: 111.985 Low Aug 22 

*SUP 2: 111.980 21-DMA 

*SUP 3: 111.850 Low Aug 1 

*SUP 4: 111.815 May 22 

The 21-dma is approaching on the downside as bears clearly have the upper hand

following the past two days of heavy selling. Failure to overcome yesterday's

opening high of 112.030 would likely see bears test 111.980 and potentially the

Aug 1 low of 111.850, a break of which would reverse the broader bullish trend.