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Focus Returns to Neckline.........>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Focus Returns to Neckline Support
*RES 4: 3467.64 High May 7 
*RES 3: 3438.56 High May 16 
*RES 2: 3403.94/3404.79 21-dma/55-dma 
*RES 1: 3380.85 High May 27
*PRICE: 3348.86 @ Close May 28 
*SUP 1: 3323.70/3324.00 Low May 23/Neckline support 
*SUP 2: 3311.17 Low May 13 
*SUP 3: 3281.79/3273.68/3270.20 Low Mar 25/Low Mar 8/200-dma 
*SUP 4: 3211.92 50% retracement 
Recovery efforts in Eurostoxx lost momentum yesterday shifting the focus back to
neckline support and the May 23 low at 3323.70. A break would open the May 13
low at 3311.17, below which would suggest a move down to the 200-dma. To improve
the outlook bulls need to recover Monday's high at 3380.85. Above here would
open the 21-dma/55-dmas at 3403.94/3404.79.

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