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Uptrend Intact *RES 4: 3816.32....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Uptrend Intact
*RES 4: 3816.32 High Apr 15, 2015
*RES 3: 3801.38 High Apr 16, 2015
*RES 2: 3782.29 High Apr 27, 2015
*RES 1: 3778.98 High Dec 23
*PRICE: 3774.39 @ Close Dec 23
*SUP 1: 3722.57 Low Dec 20
*SUP 2: 3667.41 Trendline drawn off the Aug 15 low
*SUP 3: 3625.00 Low Dec 10
*SUP 4: 3594.80 Low Dec 3 and bear trigger
EUROSTOXX50 found support off the Dec 19 low. The outlook is bullish. This
condition has been reinforced this month by failed attempts to clear trendline
support drawn off the Aug 15 low and a subsequent move above 3733.45, Nov 19
high confirming a resumption of the uptrend. The focus is on 3801.38, Apr 16
2015 high and 3836.28, Apr 13 2015 high. A break of the latter would mark an
important technical break. Support is 3722.57.

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