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Pullback a correction *RES 4:.....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Pullback a correction
*RES 4: 3596.20 High May 18, 2018
*RES 3: 3587.16 1.618 projection of Aug 15 - 22 rally from Aug 26 low
*RES 2: 3573.57 High Jul 25 and key resistance
*RES 1: 3555.85 High Sep 13
*PRICE: 3518.45 @ Close Sep 16
*SUP 1: 3512.59 Low Sep 12
*SUP 2: 3479.58 Low Sep 10 and key support
*SUP 3: 3481.65 Trendline support drawn off the Aug 15 low
*SUP 4: 3453.99 Low Sep 5
EUROSTOXX50 retraced yesterday, for now viewed as a correction with underlying
bullish conditions still in place. Momentum studies are positive and prices
continue to trade above trendline support at 3481.65, drawn off the Aug 15 low.
The focus remains on the 3573.57, Jul 25 high. Note, since Apr 24, the index has
failed to establish a clear bullish extension once new highs were confirmed. An
inability to again hold onto recent gains would be a warning to bulls.

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