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TECHS: 55-DMA Holds For Now.......>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: TECHS: 55-DMA Holds For Now
*RES 4: 3596.20 High May 18 
*RES 3: 3536.87 High Jul 31 
*RES 2: 3515.15 High Apr 24 
*RES 1: 3469.36 21-dma 
*PRICE: 3417.26 @ Close May 8 
*SUP 1: 3384.29 55-dma 
*SUP 2: 3281.79/3278.87/3273.68 Low Mar 25/200-dma/Low Mar 8 
*SUP 3: 3256.24 100-dma 
*SUP 4: 3211.92 50% retracement 
Eurostoxx extended their drop yesterday before finding some support at the
55-dma which comes in at 3384.29. The recovery has lacked impulse suggesting
downside focus remains. Below the 55-dma would bring the key March 25 low,
200-dma, and March 8 low into play at 3281.79/3278.87/3273.68. Bulls look to
recover the 21-dma at 3469.36 to return the focus to the April 24 high at
3515.15.

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