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Consolidating *RES 4: 3214.20.....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Consolidating
*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: 2905.47 @ Close May 22
*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 defined a key near-term support
at 2708.07, May 14 low. The move higher has offset recent bearish threats and
attention is on resistance at 2927.26, May 11 high and 2936.75, the 50-day EMA.
This zone was probed last week and a clear break would reinforce S/T bullish
conditions and open 3023.83, Apr 30 high. A breach of support at 2708.07, May 14
low is required to reinstate a bearish theme.

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