(H3) Bull Channel Support Intact

• RES 4: 4446.00 3.00 proj of the Sep 29 - Oct 4 rally from Dec 20 low
• RES 3: 4409.50 High Nov 18 2021 and a major resistance
• RES 2: 4381.50 High Jan 5 2022 (cont)
• RES 1: 4323.00 High Feb 16 and the bull trigger
• PRICE: 4251.00 @ 05:37 GMT Mar 1
• SUP 1: 4183.90 Bull channel base drawn from the Oct 13 low
• SUP 2: 4131.60 50-day EMA
• SUP 3: 3955.00 Low Jan 5
• SUP 4: 3753.00 Low Dec 20 and a key support

Eurostoxx 50 futures remain above Friday’s low of 4175.00. Key support to watch is 4183.90, the base of a bull channel drawn from the Oct 13 low. While channel support holds, the broader uptrend remains intact and a continuation higher near-term would expose the bull trigger at 4323.00, Feb 16 high. A break of this hurdle would resume the broader uptrend. On the downside, a breach of the channel base would alter the picture.