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Topside Follow Through Still......>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Topside Follow Through Still Lacking
*RES 4: 3540.03 High May 28 
*RES 3: 3523.76 21-DMA 
*RES 2: 3519.19 200-DMA
*RES 1: 3497.32 High June 5
*PREVIOUS CLOSE: 3456.79
*SUP 1: 3446.30 Hourly support June 1
*SUP 2: 3420.84 Low June 1 
*SUP 3: 3383.17 Alternating daily support/resistance 
*SUP 4: 3379.53 100-WMA
*COMMENTARY: Despite daily studies correcting from O/S and adding support to the
bullish case, failure to gain traction on pops above 55 (3473.23) & 100
(3475.14) DMAs is less than ideal. Bulls now need a close above 3497.32 to
confirm traction above 55 & 100-DMAs and above 3540.03 to confirm a break of the
200-DMA and return focus to 2018 highs. Bears still need a close below 3446.30
to ease renewed bullish pressure and return focus to 3383.17.

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