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Consolidating And Still Below.....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Consolidating And Still Below Resistance
*RES 4: 3004.47 50-day EMA
*RES 3: 2998.65 High Mar 11
*RES 2: 2956.22 High Apr 14 and bull trigger
*RES 1: 2889.57 High Apr 21
*PRICE: 2882.09 @ Close Apr 27
*SUP 1: 2791.34 Low Apr 21 and bear trigger
*SUP 2: 2701.86 Low Apr 6
*SUP 3: 2626.10 Low Apr 2 and key support
*SUP 4: 2427.87 Low Mar 23
EUROSTOXX 50 is consolidating. Price stalled at 2956.22 on Apr 14. The move
lower on Apr 15, a bearish engulfing candle, still warns of a potential top
defining key S/T resistance at 2956.22. Furthermore, the sell-off on Apr 21 also
highlights a bearish theme. The trigger for a resumption of weakness though is
2791.34, Apr 21 low where a break would expose 2701.86 and 2626.10, lows on Apr
6 and Apr 2 respectively. A breach of 2956.22 reinstates the uptrend.

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