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Above 3600.36 Targets 2018 High...>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Above 3600.36 Targets 2018 High
*RES 4: 3687.22 2018 High Jan 23 
*RES 3: 3662.86 Low Jan 21 now resistance 
*RES 2: 3636.22 Monthly High Feb 1 
*RES 1: 3600.36 Low Jan 31 now resistance, Bollinger top
*PREVIOUS CLOSE: 3592.18
*SUP 1: 3574.09 High May 10 now support 
*SUP 2: 3549.26 Low May 10 
*SUP 3: 3540.14 Low May 7 
*SUP 4: 3523.00 Low May 3
*COMMENTARY: Lackluster sideways trading that had defined the week came to an
end with a rally and bullish close Thursday that adds support to the case for a
move targeting 2018 highs with above 3600.36 needed to confirm. Layers of
support add to bullish confidence. Bears now look for a close below 3574.09 to
gain breathing room and below the 200-DMA to shift initial focus back to
3464.35. Daily studies lingering at O/B levels is less than ideal.

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