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Increased Correction Risk,........>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Increased Correction Risk, 3387.07 Key Today
*RES 4: 3474.86 Low Feb 5 now resistance 
*RES 3: 3469.23 Low Jan 2 now resistance 
*RES 2: 3428.11 Hourly resistance Feb 8 
*RES 1: 3387.07 High Feb 12
*PREVIOUS CLOSE: 3369.83
*SUP 1: 3368.10 Hourly resistance Feb 14 now support 
*SUP 2: 3306.66 2018 Low Feb 9 
*SUP 3: 3298.92 100-WMA 
*SUP 4: 3294.77 200-WMA
*COMMENTARY: Daily studies looking to correct from very O/S levels remain the
key concern for bears and increases the risk of a correction back to
3469.23-3474.85 as does the aggressive bounce Wednesday. Bulls look for a close
above 3387.07 to ease bearish pressure and above 3474.86 to initially target
DMAs clustered 3523.28-3600.36. The 200-WMA remains key support. Bears need a
close below the 200-WMA to target 2017 lows.

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