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(Z18) Bears Regain The Momentum .......>

SCHATZ TECHS
SCHATZ TECHS: (Z18) Bears Regain The Momentum 
*RES 4: 112.020 High Aug 17 
*RES 3: 111.970 High Sep 3 
*RES 2: 111.895 High Sep 6 
*RES 1: 111.872 55-dma 
*PREVIOUS CLOSE: 111.750 
*SUP 1 111.710 Low Sep 25,26,27 
*SUP 2 111.600 Support 
*SUP 3 111.510 Bear channel bottom (continuation chart) 
*SUP 4 111.360 Low Dec 2015 (continuation chart) 
Despite failing to break back below cycle lows at 111.710, the bearish trend is
regaining momentum, and a break below this level would likely trigger fresh
declines. Channel support comes in at around 111.510 on the continuation chart
in the event of a bearish break. Bulls need to recover Tuesday's high to
challenge 55-dma resistance at 111.872, above which they can target the Sep 6
high.

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