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Focus Shifts To 3464.34-3466.45...>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Focus Shifts To 3464.34-3466.45
*RES 4: 3636.22 Monthly High Feb 1
*RES 3: 3600.36 Low Jan 31 now resistance 
*RES 2: 3566.53 Low May 18 now resistance 
*RES 1: 3528.12 Low May 23 now resistance
*PREVIOUS CLOSE: 3521.76
*SUP 1: 3509.91 Bollinger band base 
*SUP 2: 3486.03 100-DMA 
*SUP 3: 3466.45 55-DMA 
*SUP 4: 3464.35 Low Apr 25
*COMMENTARY: The sell-off from the failures ahead of 3600.36 is gathering
momentum with a dip below the 200-DMA (3518.87) Thursday. Focus now shifts to
the 3464.35-3466.45 region where the 55-DMA is located. Bears now need a close
below 3464.35 to shift initial focus to 3383.17-3399.97. Layers of resistance
are building with bulls now needing a close above 3528.12 to gain breathing room
and above 3566.53 to pressure 3600.36 once more.

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