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Trendline holding *RES 4:.........>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Trendline holding
*RES 4: 3587.16 1.618 projection of Aug 15 - 22 rally from Aug 26 low
*RES 3: 3573.57 High Jul 25 and key resistance
*RES 2: 3555.85 High Sep 13
*RES 1: 3540 47 High Sep 16
*PRICE: 3528.04 @ Close Sep 18
*SUP 1: 3506.36 Low Sep 17
*SUP 2: 3502.73 Trendline support drawn off the Aug 15 low
*SUP 3: 3479.58 Low Sep 10 and key support
*SUP 4: 3453.99 Low Sep 5
EUROSTOXX50 has recovered off yesterday's low. Underlying bullish conditions
remain in place. Momentum studies are positive and prices continue to trade
above trendline support at 3502.73, drawn off the Aug 15 low. The focus is on
the 3573.57, Jul 25 high. Note, since Apr 24, the index has failed to establish
a clear bullish extension once new highs were confirmed. An inability to again
hold onto recent gains would be a warning to bulls. 3506.36 is first support.

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