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Looking For Direction *RES 4:.....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Looking For Direction
*RES 4: 3596.20 High May 18, 2018 
*RES 3: 3536.87 High Jul 31, 2018 
*RES 2: 3515.15 High Apr 24 
*RES 1: 3432.80 21-dma 
*PRICE: 3386.72 @ Close May 22 
*SUP 1: 3359.60 Low May 22 
*SUP 2: 3311.17 Low May 13 
*SUP 3: 3281.79/3273.68/3271.94 Low Mar 25/Low Mar 8/200-dma
*SUP 4: 3211.92 50% retracement 
Eurostoxx posted new weekly lows yesterday but losses were recovered to keep the
near term outlook neutral. To regain the upper hand bulls need to take out the
21-dma which sits at 3432.80. Above here would open the April 24 ytd highs at
3515.15 ahead of the July 31, 2018 highs. Bears look to yesterday's low at
3359.60 with a break opening the May 13 low at 3311.17. Below here would bring
the March 25 low, March 8 low, 200-dma into plat at 3281.79/3273.68/3271.94.

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