(Z17) Bears Need Close Below...>

SHORT-STERLING TECHS: (Z17) Bears Need Close Below 21-DMA

*RES 4: 99.620 Bollinger band top

*RES 3: 99.610 High July 27 & 28

*RES 2: 99.588 55-DMA

*RES 1: 99.580 100-DMA

*PREVIOUS CLOSE: 99.570

*SUP 1: 99.570 Repeated daily lows

*SUP 2: 99.560 Low July 20

*SUP 3: 99.557 21-DMA

*SUP 4: 99.540 200-DMA, Alternating daily support/resistance

*COMMENTARY: Correcting O/B daily studies are weighing with bearish pressure

resulting in closes below the 100-DMA. The close below the 100-DMA confirms a

shift in focus to 99.535-560 where 21 & 200-DMAs and the bull channel base are

situated. Bears look for a close below the 21-DMA to add weight to their case.

Bulls now need a close above the 55-DMA to gain breathing room and above 99.610

to reconfirm a bullish bias initially targeting 99.650.