Defines A Top *RES 4: 3448.24.....>

EUROSTOXX50 TECHS: Defines A Top

*RES 4: 3448.24 High Mar 3

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

*RES 2: 3355.76 High Jun 10

*RES 1: 3317.87 High Jun 23 and key near-term resistance

*PRICE: 3196.12 @ Close Jun 24

*SUP 1: 3156.03 Low Low Jun 16

*SUP 2: 3101.96/3054.11 50-day EMA / Low Jun 15

*SUP 3: 3023.83 High Apr 30

*SUP 4: 3004.58 Bull channel base drawn off the Jun 16 low.

EUROSTOXX 50 experienced a sharp sell-off yesterday in line with equity markets

in general. Recent gains have been considered corrective in nature and

yesterday's move lower suggests a top may have been defined at 3317.87,

Tuesday's high. Further weakness would signal scope for a test of 3156.03, Jun

16 low where a break would expose key near-term support at 3054.11, Jun 15 low.

The index needs to break above 3317.87 to ease the developing bearish pressure.