(H3) Trades Through Resistance

• RES 4: 4132.60 76.4/% of the Nov ‘21 - Oct ‘22 bear leg (cont)
• RES 3: 4049.50 High Feb 23 (cont)
• RES 2: 4043.00 High Dec 13 and the bull trigger
• RES 1: 3945.00 High Jan 4
• PRICE: 3939.00 @ 08:56 GMT Jan 4
• SUP 1: 3753.00 Low Dec 20 and the bear trigger
• SUP 2: 3646.50 50% retracement of the Sep - Dec bull cycle
• SUP 3: 3580.00 Low Nov 3
• SUP 4: 3552.90 61.8% retracement of the Sep - Dec bull cycle

EUROSTOXX 50 futures are again trading higher, with this week’s move resulting in a break of initial resistance at 3895.00, the Dec 22 high. Gains are considered corrective - for now - however, a continuation higher would expose key resistance and the bull trigger at 4043.00, the Dec 13 high. A reversal lower and a break of support at 3753.00, Dec 20 low, would resume the recent bear leg and open 3646.50, the 50% retracement of the Sep - Dec bull cycle.