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Cracks 3405.35 resistance *RES....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Cracks 3405.35 resistance
*RES 4: 3491.16 High Aug 1
*RES 3: 3473.00 High Aug 2
*RES 2: 3445.84 61.80% retracement of the Jul 25 - Aug 15 downleg
*RES 1: 3415.36 High Aug 29
*PRICE: 3411.33 @ Close Aug 29
*SUP 1: 3356.68 Low Aug 29
*SUP 2: 3318.33 Low Aug 26 and key near-term support
*SUP 3: 3286.54 Low Aug 16
*SUP 4: 3239.20 Low Aug 15 and key support
EUROSTOXX50 rallied sharply higher yesterday to clear the key short-term
resistance and Aug 22 high at 3405.35. Furthermore, prices have traded above the
50-day EMA. With momentum conditions also in a bull mode, the likelihood for
continued gains has improved. Attention now turns to the 61.8% retracement of
the decline between Jul 25 - Aug 15 at 3445.84. On the downside, key support has
been defined at 3318.33, the low of Aug 26.

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