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200-DMA Acts As Support *RES 4:...>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: 200-DMA Acts As Support
*RES 4: 3463.03 High Aug 28 
*RES 3: 3452.41 High Sep 27 
*RES 2: 3422.34 High Mar 19 
*RES 1: 3377.93 High Mar 22 
*PRICE: 3319.53 @ Close Mar 26 
*SUP 1: 3281.79/3276.56/3273.68 Low Mar 25/200-dma/Low Mar 8 
*SUP 2: 3226.12/3215.04 38.2% retracement/High Feb 6 
*SUP 3: 3175.71 Low Feb 15 
*SUP 4: 3124.62 Low Feb 8 
Eurostoxx has found some support at its 200-dma and continues to close above the
3300 level. Bulls now look to recover Friday's high at 3377.93 to allow a run at
the ytd high of 3422.34. Bears remain focused on Monday's low/200-dma/March 8
low at 3281.79/3276.56/3273.68. Below here would add weight to the bearish
reversal case and open the 32.8% retracement/Feb 6 high at 3226.12/3215.04.

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