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Falls Off A Cliff *RES 4:.........>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Falls Off A Cliff
*RES 4: 3900.00 Round number resistance
*RES 3: 3867.28 High Feb 20 and bull trigger
*RES 2: 3827.36 High Feb 21
*RES 1: 3762.35 High Feb 24
*PRICE: 3647.98 @ Close Feb 24
*SUP 1: 3632.29 Low Feb 24
*SUP 2: 3594.80 Low Dec 3
*SUP 3: 3553.24 50.0% retracement of the Aug 2019 - Feb 2020 rally
*SUP 4: 3531.23 Low Oct 14
The index sold off sharply yesterday resulting in a probe of key support at
3639.44, the Jan 31 low. This represents an important bearish breach reinforcing
the likelihood of a potentially stronger reversal at the recent high of 3867.28
on Feb 20. A clear break of 3639.44 would pave the way for a deeper decline and
open 3594.80 next, the Dec 3 low. On the upside, yesterday's high of 3762.35
marks initial resistance.

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