(Z17) Increased Risk Of Bounce To......>

SCHATZ TECHS: (Z17) Increased Risk Of Bounce To 112.145-170

*RES 4: 112.205 High Sept 14 

*RES 3: 112.170 21-DMA 

*RES 2: 112.145 High Sept 19 

*RES 1: 112.115 High Sept 21

*PREVIOUS CLOSE: 112.100

*SUP 1: 112.077 Bollinger band base 

*SUP 2: 112.065 Low Sept 21 

*SUP 3: 112.023 55-DMA 

*SUP 4: 112.015 Low Aug 17

*COMMENTARY: The lack of follow through courtesy of the Bollinger band base is a

concern for bears and increases the risk of a correction back to 112.145-170.

Bulls now need a close above 112.115 to ease immediate bearish pressure and

above the 21-DMA to shift focus back to 112.268-285 where the 100-DMA and Sept

highs are noted. Overall bears need a close below 112.015 to confirm a break of

the 55-DMA and initially target 111.945.