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Topside Hesitation Less Than......>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Topside Hesitation Less Than Ideal
*RES 4: 3636.22 Monthly High Feb 1 
*RES 3: 3600.36 Low Jan 31 now resistance 
*RES 2: 3596.42 Bollinger band top 
*RES 1: 3574.09 High May 19
*PREVIOUS CLOSE: 3565.74
*SUP 1: 3549.26 Low May 10 
*SUP 2: 3540.14 Low May 7 
*SUP 3: 3523.00 Low May 3 
*SUP 4: 3515.46 200-DMA
*COMMENTARY: Follow through has been lacking on the break of 3570.95 but bulls
take comfort in support emerging on dips. Bears continue to look for a close
below 3540.14 to gain breathing room and below the 200-DMA to target a
correction back to 3464.35. Daily studies lingering at O/B levels is less than
ideal. In saying that, bulls look for a close above 3600.36 to reconfirm focus
on 2018 highs.

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