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10-Day Momentum Picking Up........>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: 10-Day Momentum Picking Up Steam
*RES 4: 3514.62 High Apr 30
*RES 3: 3438.56 High May 16
*RES 2: 3418.18 High June 11
*RES 1: 3412.98 61.8% retracement 3514.62-3248.54
*PRICE: 3386.63 @ Close June 12
*SUP 1: 3359.28 21-dma
*SUP 2: 3248.54 Low June 3
*SUP 3: 3211.92 50% retracement 2908.70-3514.62
*SUP 4: 3140.16/3124.62 61.8% retracement 2908.70-3514.62/Low Feb 8
The fast 10-day momentum study is picking up steam and comes following
confirmation of the bull-cross of the 5 & 21-dma's and bull-divergence on daily
studiesl. Focus remains on a decisive break above the 55-dma at 3400.66 which is
extending retracement higher to 3412.98 - 61.8% Fibonacci of 3514.62-3248.54
move. Support is at 3359.28.

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