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Consolidating Near The 50-day.....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Consolidating Near The 50-day EMA
*RES 4: 3214.20 High Mar 9
*RES 3: 3085.06 50.0% retracement of the Feb - Mar sell-off
*RES 2: 3023.83 High Apr 30 and the bull trigger
*RES 1: 2946.47 High May 20
*PRICE: 2904.98 @ Close May 21
*SUP 1: 2800.07 Low May 18
*SUP 2: 2708.07 Low May 14
*SUP 3: 2701.86 Low Apr 6
*SUP 4: 2663.33 50.0% retracement of the rally between Mar 16 - Apr 30
EUROSTOXX 50 is consolidating. The recent rally has defined a key near-term
support at 2708.07, May 14 low. The move from this low has for now, offset
recent bearish threats and attention is on resistance at 2927.26, May 11 high
and 2938.02, the 50-day EMA. This zone has been probed this week, a clear break
would reinforce S/T bullish conditions opening 3023.83, Apr 30 high. A move
below 2708.07, May 14 low is required to reinstate a bearish theme.

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