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(Z18) 120 Now Acting As Resistance.......>

GILT TECHS: (Z18) 120 Now Acting As Resistance
*RES 4: 121.95 High Sep 12 
*RES 3: 121.59 Low Aug 28, now resistance 
*RES 2: 121.48 High Oct 2 
*RES 1: 120.56 High Oct 4 
*SUP 1: 118.93 Low April 2016 (continuation chart) 
*SUP 2: 118.75 Bear channel bottom (continuation chart) 
*SUP 3: 117.35 Low Jan 2016 (continuation chart) 
*SUP 4: 114.41 Low July 2015 (continuation chart) 
Bulls were unable to recover the 120 level after opening below it which returns
the focus to the downside. Bears now target Friday's low of 119.45, below which
opens the April 2016 low on the continuation chart. A close back above 120 would
shift the outlook back to neutral, but it would take a rally above the Oct 4
high at 120.56 to give bulls the upper hand. 

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