(Z18) Below Monday's Low Would.........>

SCHATZ TECHS: (Z18) Below Monday's Low Would Suggest A Bearish Reversal

*RES 4: 112.080 High Aug 13,15,17 (continuation chart) 

*RES 3: 112.050 Double bottom target (continuation chart) 

*RES 2: 112.035 High Oct 26 

*RES 1: 112.030 High Nov 15 

*PREVIOUS CLOSE: 111.975 

*SUP 1: 111.945 Low Nov 19 

*SUP 2: 111.885 Low Nov 8 

*SUP 3: 111.877 55-dma 

*SUP 4: 111.745 Low Oct 11 

Schatz futures edged down yesterday to bring Monday's low at 111.945 into focus,

which also marks up trendline support from the Oct lows. A break below here

would give bears momentum to target the Nov 8 low at 111.885, below which the

outlook would turn negative. Bulls look for a close above the Nov 15 high at

112.030 to reignite upside momentum. Above here would open the Oct 26 high at

112.035 ahead of a potential return to the double bottom target at 112.050.