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Neckline Support Holds *RES 4:....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Neckline Support Holds
*RES 4: 3515.15 High Apr 24 
*RES 3: 3438.56 High May 16
*RES 2: 3417.72 21-dma 
*RES 1: 3396.87/3402.53 High May 22/55-dma
*PRICE: 3350.70 @ Close May 24 
*SUP 1: 3323.70/3318.00/3311.17 Low May 23/Neckline support/Low May 13 
*SUP 2: 3298.39 100-dma 
*SUP 3: 3281.79/3273.68/3270.73 Low Mar 25/Low Mar 8/200-dma 
*SUP 4: 3211.92 50% retracement 
Eurostoxx managed to hold above neckline support on Friday keeping the outlook
neutral. Bulls now look to recover the May 22 high/55-dma at 3396.87/3402.53 to
put the focus back on the 21-dma which sits at 3417.72. Above here would open
the May 16 high at 3438.56 ahead of the April 24 ytd highs at 3515.15. Bears
need a break below Thursday's low at 3323.70 to open key neckline support and
the May 13 low at 3318.00/3311.17. Below here would suggest a downside reversal.

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