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Target Correction To 3469.23......>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Target Correction To 3469.23 While 3368.10 Supports
*RES 4: 3474.86 Low Feb 5 now resistance 
*RES 3: 3469.23 Low Jan 2 now resistance 
*RES 2: 3428.11 Hourly resistance Feb 8 
*RES 1: 3414.30 High Feb 12
*PREVIOUS CLOSE: 3389.6
*SUP 1: 3368.10 Hourly resistance Feb 14 now support 
*SUP 2: 3306.66 2018 Low Feb 9 
*SUP 3: 3298.92 100-WMA 
*SUP 4: 3294.77 200-WMA
*COMMENTARY: Daily studies looking to correct from very O/S levels remain the
key concern for bears and increases the risk of a correction back to
3469.23-3474.86 as does the aggressive bounce Wednesday. Initial support remains
at 3368.10 with bears needing a close below to end postpone correction talk and
retain focus on the 200-WMA. Bears need a close below the 200-WMA to target 2017
lows.

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