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Focus Is On Sep 20 High *RES 4:...>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Focus Is On Sep 20 High
*RES 4: 3587.16 1.618 projection of Aug 15 - 22 rally from Aug 26 low
*RES 3: 3578.04 High Sep 20 and key resistance
*RES 2: 3565.96 High Sep 23
*RES 1: 3553.25 High Sep 27
*PRICE: 3545.88 @ Close Sep 27
*SUP 1: 3506.05 Low Sep 26
*SUP 2: 3480.28 Low Sep 25
*SUP 3: 3479.58 Low Sep 10
*SUP 4: 3448.60 38.2% retracement of Aug 15 - Sep 20 high
EUROSTOXX50 traded higher Friday. This follows the recovery off Wednesday's low
which at the day's close confirmed a bullish hammer candle formation. The
implications are that the pullback between Sep 20 - Sep 25 has been a correction
and more importantly that the correction is over. If correct, further gains will
likely follow, with attention on the Sep 20 high of 3578.04. This is also the
bull trigger, a break would open 3587.16. Support lies at 3480.28.

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