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55-DMA Gives Way *RES 4:.........>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: 55-DMA Gives Way 
*RES 4: 3596.20 High May 18 
*RES 3: 3536.87 High Jul 31 
*RES 2: 3515.15 High Apr 24 
*RES 1: 3465.20 21-dma 
*PRICE: 3350.71 @ Close May 9 
*SUP 1: 3281.79/3277.28/3273.68 Low Mar 25/200-dma/Low Mar 8 
*SUP 2: 3258.63 100-dma 
*SUP 3: 3211.92 50% retracement 
*SUP 4: 3124.62 Low Feb 8
Eurostoxx extended its drop yesterday taking out the 55-dma to shift the focus
to the key March 25 low, 200-dma, and March 8 low at 3281.79/3277.28/3273.68. A
break below here would mark further chart damage, opening the 100-dma at
3258.63. Bulls look to recover the 21-dma at 3465.20 to return the focus to the
April 24 high at 3515.15.

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