TECHS: Is this week's upside momentum......>

EQUITIES: TECHS: Is this week's upside momentum displaying signs of fatigue?:

- Estoxx 50 futures (VGM0) stalled yesterday ahead of 2866.00, Apr 30 low. A

print would have filled a gap on the chart. Price is off today's  2858.00 high.

- DAX futures (GXM0) traded to a 10776.00 high today and filled a gap on the

chart with a print above 10756.00, Apr 30 low. Futures are off the earlier high.

- S&P futures (ESM0) are trading below yesterday's 2889.75 high. Today's price

action has so far failed to display the trend like character we saw over the

past two sessions. 60-min data highlights an important intraday support at

2843.50, today's low. A break would undermine a bullish case. 

- The above observations point to a lack of strong or impulsive bullish

momentum. Attention remains on key supports and whether they will hold.

- The key support levels to watch are:

- ESM0: 2717.25, Apr 21 low.

- VGM0: 2745.00, Apr 16 low.

- GXM0:10165.00, Apr 16 low.