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EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Bears Need Close Below 200-DMA
*RES 4: 3636.22 Monthly High Feb 1 
*RES 3: 3600.36 Low Jan 31 now resistance 
*RES 2: 3566.53 Low May 18 now resistance 
*RES 1: 3552.59 21-DMA
*PREVIOUS CLOSE: 3541.82
*SUP 1: 3523.00 Low May 3 
*SUP 2: 3518.43 200-DMA 
*SUP 3: 3501.11 Bollinger band base 
*SUP 4: 3485.72 100-DMA
*COMMENTARY: Hesitation ahead of 3600.36 has taken its toll with a sharp
sell-off and close below supports that sees immediate focus back on the 200-DMA.
Bears now need a close below the 200-DMA to end bullish hopes and shift focus
back to 3463.47-3464.35 where the 55-DMA is situated. Layers of resistance have
been left in the wake with bulls needing a close above the 21-DMA to gain
breathing room.

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