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Bears Have The Edge *RES 4:.......>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Bears Have The Edge
*RES 4: 3596.20 High May 18, 2018 
*RES 3: 3536.87 High Jul 31, 2018 
*RES 2: 3515.15 High Apr 24 
*RES 1: 3433.38 21-dma 
*PRICE: 3369.78 @ Close May 21 
*SUP 1: 3360.26 Low May 21 
*SUP 2: 3311.17 Low May 13 
*SUP 3: 3281.79/3273.48/3273.68 Low Mar 25/200-dma/Low Mar 8 
*SUP 4: 3211.92 50% retracement
Eurostoxx failed to recover its 55-dma yesterday around the 3400 level keeping
the near term outlook negative and the focus on the May 13 low at 3311.17. Below
here would bring the March 25 low, 200-dma, and March 8 low at
3281.79/3273.48/3273.68 back into play. Bulls need an upside break above the
21-dma to open the April 24 ytd highs at 3515.15 ahead of the July 31, 2018
highs.

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