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Selloff Gathers Pace *RES 4:......>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Selloff Gathers Pace
*RES 4: 3536.87 High Jul 31 
*RES 3: 3515.15 High Apr 24 
*RES 2: 3457.58 21-dma 
*RES 1: 3389.20 55-dma 
*PRICE: 3320.78 @ Close May 13 
*SUP 1: 3281.79/3275.49/3273.68 Low Mar 25/200-dma/Low Mar 8 
*SUP 2: 3263.88 100-dma 
*SUP 3: 3211.92 50% retracement 
*SUP 4: 3124.62 Low Feb 8 
The downtrend in Eurostoxx has picked up pace as the next support area marking
the March 25 low, 200-dma, and March 8 low at 3281.79/3275.49/3273.68 comes into
focus.  A downside break would open the 100-dma at 3263.88 ahead of the 50%
retracement level at 3211.92. Bulls look to recover the 55-dma at 3389.20 to
stabilise and put the focus back on the 21-dma at 3457.58.

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