(U18) Bearish Trend Intact For Now.....>

SCHATZ TECHS: (U18) Bearish Trend Intact For Now

*RES 4: 111.988 21-DMA 

*RES 3: 111.966 High July 30 

*RES 2: 111.945 High July 31 

*RES 1: 111.915 High August 2 

*PREVIOUS CLOSE: 111.900 

*SUP 1: 111.885 Hourly Low August 2

*SUP 2: 111.850 Low August 1 

*SUP 3: 111.815 Low May 22 

*SUP 4: 111.790 May 10 High now support 

The broader bearish trend remains intact despite yesterday's strong gains, but a

push above 111.915 would shift the focus back to the July 31 high and break the

short-term downtrend. Bears need to close below to 111.850 to re-establish

bearish momentum and target a move to the May 22 low.