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Bullish focus *RES 4: 3491.16.....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Bullish focus
*RES 4: 3491.16 High Aug 1
*RES 3: 3473.00 High Aug 2
*RES 2: 3445.84 61.80% retracement of the Jul 25 - Aug 15 downleg
*RES 1: 3443.08 High Aug 30
*PRICE: 3432.54 @ Close Sep 2
*SUP 1: 3356.68 Low Aug 29
*SUP 2: 3318.33 Low Aug 26 and key near-term support
*SUP 3: 3286.54 Low Aug 16
*SUP 4: 3239.20 Low Aug 15 and key support
EUROSTOXX50 maintains a bullish outlook following the recent impulsive gains off
the low of Aug 26. This has resulted in a break of the former key short-term
resistance and Aug 22 high at 3405.35. Prices have also extended gains above the
50-day EMA reinforcing the bullish theme. With momentum conditions in a bull
mode, more upside is anticipated. Attention is on 61.8% of the decline between
Jul 25 - Aug 15 at 3445.84. Initial support lies at 3356.68, Aug 29 low.

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