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Trendline Support Cleared *RES....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Trendline Support Cleared
*RES 4: 3813.80 High Jan 17 and bull trigger
*RES 3: 3802,68 High Jan 22
*RES 2: 3795.33 High Jan 24
*RES 1: 3754.63 High Jan 27
*PRICE: 3677.84 @ Close Jan 27
*SUP 1: 3673.80 Low Jan 27
*SUP 2: 3659.53 Low Dec 11
*SUP 3: 3646.48 76.4% retracement of the Dec 3 - Jan 17 rally
*SUP 4: 3625.00 Low Dec 10
The EUROSTOXX50 uptrend is under threat. Last week's sell-off resulted in a
break of key trendline support at 3749.41. Furthermore, yesterday's sharp follow
through has confirmed a breach of the line. The trendline is drawn off the Aug
15 low and is seen as a reliable gauge of the past 5-month uptrend. The break
lower highlights a top at the recent 3813.80 high on Jan 17 and opens 3646.48
and 3625.00 next. Yesterday's high of 3753.63 marks initial resistance.

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