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(Z9) Bearish outlook intact *RES 4:....>

SCHATZ TECHS
SCHATZ TECHS: (Z9) Bearish outlook intact
*RES 4: 112.565 High Sep 6 high
*RES 3: 112.520 High Sep 10 and 12
*RES 2: 112.325 Trendline resistance drawn off the Sep 3 high
*RES 1: 112.250 High Sep 17 and 18
*PRICE: 112.220 @ 03:45 GMT Sep 23
*SUP 1: 112.165 Low Sep 13
*SUP 2: 112.115 3.000 projection of Sep 6 - Sep11 decline from Sep 12 high
*SUP 3: 112.032 3.618 projection of Sep 6 - Sep11 decline from Sep 12 high
*SUP 4: 112.000 Round number support
Z9 Schatz is unchanged and continues to consolidate. Recent activity appears to
be developing into a bear flag, a continuation pattern that reinforces the
underlying bearish theme, particularly following the steep slide on Sep 12.
Support at 112.167, the 2.618 projection of the Sep 6 - Sep 11 decline from Sep
12 high is holding for now with only a brief test below it recently. A break of
the 112.165 low of Sep 13 would open 112.167/032. Trend resistance at 112.325.

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