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Correctiver Recovery *RES 4:......>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Correctiver Recovery
*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: 3269.10 @ Close Jun 19
*SUP 1: 3156.03 Low Low Jun 16
*SUP 2: 3083.73/54.11 50-day EMA / Low Jun 15
*SUP 3: 3023.83 High Apr 30
*SUP 4: 2974.93 Bear channel base drawn off the Mar 16 low
EUROSTOXX 50 is 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 3083.73, 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.

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