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Correction extends *RES 4:........>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Correction extends
*RES 4: 3596.20 High May 18, 2018
*RES 3: 3587.16 1.618 projection of Aug 15 - 22 rally from Aug 26 low
*RES 2: 3573.57 High Jul 25 and key resistance
*RES 1: 3555.85 High Sep 13
*PRICE: 3521.26 @ Close Sep 17
*SUP 1: 3506.36 Low Sep 17
*SUP 2: 3492.19 Trendline support drawn off the Aug 15 low
*SUP 3: 3479.58 Low Sep 10 and key support
*SUP 4: 3453.99 Low Sep 5
EUROSTOXX50 retraced again yesterday as this weeks correction extends.
Underlying bullish conditions remain in place. Momentum studies are positive and
prices continue to trade above trendline support at 3492.19, drawn off the Aug
15 low. The focus is on the 3573.57, Jul 25 high. Note, since Apr 24, the index
has failed to establish a clear bullish extension once new highs were confirmed.
An inability to again hold onto recent gains would be a warning to bulls.

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