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EQUITIES
EQUITIES: TECHS: ***Key Level Update: Major indices are looking top heavy and
some key supports have already been cleared this morning:
- S&P fut. - ESM0: Key support to watch lies at 2771.00, May 4 low.
- Estoxx 50 - VGM0: Support at 2745.00, Apr 16 low as mentioned earlier has been
breached. This is an important break and opens 2667.00, Apr 6 low next.
- DAX - GXM0: Support at 10367.50, May 4 low has been breached. The next key
support lies at 10165.00, Apr 16 low.
- FTSE - Z M0: Key support to watch lies at 5645.0, May 4 low.
- With key support levels on some European indices already breached, a break of
2771.00 on the S&P fut. would reinforce developing bearish threats and signal a
reversal of the past 7-week uptrend.

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