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Retracement Mode *RES 4:..........>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Retracement Mode
*RES 4: 3816.32 High Apr 15, 2015
*RES 3: 3801.38 High Apr 16, 2015
*RES 2: 3782.29 High Apr 27, 2015
*RES 1: 3778.47 High Dec 16
*PRICE: 3745.28 @ Close Dec 17
*SUP 1: 3733.45 High Nov 19 and former breakout point
*SUP 2: 3659.53 Low Dec 11
*SUP 3: 3644.63/3625.00 Trendline drawn off the Aug 15 low / Low Dec 10
*SUP 4: 3594.80 Low Dec 3 and bear trigger
EUROSTOXX50 retraced yesterday but remains bullish. Bullish conditions were
reinforced last week by a failed attempt to break key trendline support drawn
off the Aug 15 low. The index is approaching highs last traded in April 2015.
The focus is on 3801.38, Apr 16 2015 high and more importantly 3836.28, Apr 13
2015 high. A break of the latter would reinforce the bullish tone and represent
an important technical break. First support is 3733.43, Nov 19 high.

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