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There is an important trendline...>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: There is an important trendline support in Eurostoxx50 that
intersects at 3690.19 today. The trendline is drawn off the Aug low and has
effectively contained pullbacks in Oct and Dec. Attention is back on the
trendline today following the sharp sell-off earlier today. A break would
highlight a top in the current bullish cycle that started in Aug last year and
allow for at least a deeper correction below 3700.00. While the trendline holds,
the pullback is viewed as a correction though with bullish trend conditions
still dominating.

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