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(Z17) Correcting O/B Studies...>

SHORT-STERLING TECHS
SHORT-STERLING TECHS: (Z17) Correcting O/B Studies Weighing
*RES 4: 99.619 Bollinger band top
*RES 3: 99.610 High July 27 & 28
*RES 2: 99.589 55-DMA
*RES 1: 99.579 100-DMA
*PREVIOUS CLOSE: 99.570
*SUP 1: 99.560 Low July 20
*SUP 2: 99.555 21-DMA
*SUP 3: 99.540 Alternating daily support/resistance
*SUP 4: 99.539 200-WMA
*COMMENTARY: Correcting O/B daily studies are weighing with bearish pressure
resulting in a close below the 100-DMA. The close below the 100-DMA confirms a
shift in focus to 99.532-560 where 21 & 200-DMAs and the bull channel base are
situated. 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.

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