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Rally Gaining Steam *RES 4:.......>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Rally Gaining Steam
*RES 4: 3540.64 High June 15 
*RES 3: 3536.87 High July 31 
*RES 2: 3514.78 High August 7 
*RES 1: 3486.31 High August 10 
*PREVIOUS CLOSE: 3456.01 
*SUP 1: 3404.87 Low August 22 
*SUP 2: 3349.14 Low August 15 
*SUP 3: 3340.85 Low June 27 
*SUP 4: 3331.53 200-WMA 
Eurostoxx 50 recovered its 21 and 55-dmas yesterday with ease as the rally
gained momentum and bulls look to challenge the Aug 10 high of 3486.31 which
also corresponds to the 200-dma. Above here would bring down trendline support
from the Jan peak into play. Bears need to see a break back below the Aug 22 low
at 3404.87 to shift the focus back to the Aug 15 low and beyond.

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