Heavy! *RES 4: 3498.07 76.4%......>

EUROSTOXX50 TECHS: Heavy!

*RES 4: 3498.07 76.4% retracement of the Feb - Mar sell-off

*RES 3: 3448.24 High Mar 3

*RES 2: 3394.90 High Jun 8 and the bull trigger

*RES 1: 3263.61 High Jun 11

*PRICE: 3144.57 @ Close Jun 11

*SUP 1: 3129.61 20-day EMA

*SUP 2: 3045.94 50-day EMA

*SUP 3: 3023.83 High Apr 30

*SUP 4: 2915.63 Bear channel base drawn off the Mar 16 low

EUROSTOXX 50 fell sharply yesterday. It is too early to tell whether this week's

pullback is a major reversal. At the very least, this market has entered a

corrective mode allowing a recent overbought condition to unwind. Attention is

on 3129.61, 20-day EMA and 3023.83, Apr 30 high. The area between these two

levels marks a key support zone. A break would suggest potential for a deeper

decline. On the upside, initial resistance is at yesterday's high of 3263.61.