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TECHS: 55-DMA Back In Focus.......>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: TECHS: 55-DMA Back In Focus
*RES 4: 3536.87 High Jul 31 
*RES 3: 3515.15 High Apr 24 
*RES 2: 3454.20 21-dma 
*RES 1: 3390.91 55-dma 
*PRICE: 3364.38 @ Close May 14 
*SUP 1: 3311.17 Low May 13 
*SUP 2: 3281.79/3274.69/3273.68 Low Mar 25/200-dma/Low Mar 8 
*SUP 3: 3267.13 100-dma 
*SUP 4: 3211.92 50% retracement 
Eurostoxx recovered Monday's losses yesterday to bring the focus back to the
55-dma at 3390.91. A break above here would open the 21-dma at 3454.20 ahead of
the April 24 ytd highs at 3515.15. Bears look to Monday's low at 3311.17, below
which would bring the March 25 low, 200-dma, and March 8 low at
3281.79/3275.49/3273.68 back into play. A downside break would open the 100-dma
at 3267.13 ahead of the 50% retracement level at 3211.92. 

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