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Corrective Pullback *RES 4:.......>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Corrective Pullback
*RES 4: 3553.05 High Feb 27
*RES 3: 3498.07 76.4% retracement of the Feb - Mar sell-off
*RES 2: 3448.24 High Mar 3
*RES 1: 3394.90 High Jun 8
*PRICE: 3320.71 @ Close Jun 9
*SUP 1: 3281.92 Low Jun 5
*SUP 2: 3169.73 Low Jun 3
*SUP 3: 3096.15 Low Jun 2
*SUP 4: 3088.49 20-day EMA
EUROSTOXX 50 traded lower yesterday. The underlying trend remains bullish and
pullbacks are considered corrective. The breach of key resistance at 3023.83,
Apr 30 high on May 27 confirmed a resumption of the bullish reversal on Mar 16.
Last week's gains resulted in a break of 3269.66, 61.8% of the Feb - Mar
sell-off. The focus is on 3348.24, Mar 3 high and 3498.07, the 76.4% retrace
level. On the downside, initial support is at 3281.92.

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