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

SHORT-STERLING TECHS
SHORT-STERLING TECHS: (Z17) O/B Studies Correcting
*RES 4: 99.690 2017 Highs June 12 & 13
*RES 3: 99.650 High June 21
*RES 2: 99.620 Bollinger band top
*RES 1: 99.610 High July 27 & 28
*PREVIOUS CLOSE: 99.580
*SUP 1: 99.579 100-DMA
*SUP 2: 99.570 Low July 25
*SUP 3: 99.560 Low July 20
*SUP 4: 99.540 Alternating daily support/resistance
*COMMENTARY: O/B daily studies looking to correct appear to be impacting with a
sell-off and bearish close that sees pressure back on the 100-DMA. Bears now
look for a close below the 100-DMA to confirm focus on 99.530-560 where 21 &
200-DMAs and the bull channel base are situated. The 99.610 resistance remains
key with bulls needing a close above to reconfirm a bullish bias targeting
99.650-690.

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