Consolidating *RES 4: 3448.24.....>

EUROSTOXX50 TECHS: Consolidating

*RES 4: 3448.24 High Mar 3

*RES 3: 3394.90 High Jun 8 and the bull trigger

*RES 2: 3314.22 76.4% retracement of the Jun 8 - 15 sell-off

*RES 1: 3300.66 High Jun 19

*PRICE: 3241.69 @ Close Jun 22

*SUP 1: 3156.03 Low Low Jun 16

*SUP 2: 3089.93/54.11 50-day EMA / Low Jun 15

*SUP 3: 3023.83 High Apr 30

*SUP 4: 2984.81 Bear channel base drawn off the Mar 16 low

EUROSTOXX 50 is consolidating and holding onto recent gains following the

rebound off the Jun 15 low. For now, last week's recovery is still considered a

correction with a bearish theme dominating following the sell-off between Jun 8

- 15. Attention is on 3089.93, the 50-day EMA and 3023.83, Apr 30 high. The bear

trigger is last Monday's low of 3054.11. On the upside, resistance is at

3314.22, a retracement level.