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Very O/S Daily Studies A Worry....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Very O/S Daily Studies A Worry For Bears
*RES 4: 3474.86 Low Feb 5 now resistance 
*RES 3: 3469.23 Low Jan 2 now resistance 
*RES 2: 3428.11 Hourly resistance Feb 8 
*RES 1: 3387.07 High Feb 12
*PREVIOUS CLOSE: 3368.25
*SUP 1: 3362.23 Hourly resistance Feb 9 now support 
*SUP 2: 3306.66 2018 Low Feb 9 
*SUP 3: 3298.91 100-WMA 
*SUP 4: 3294.76 200-WMA
*COMMENTARY: Daily studies looking to correct from very O/S levels remain the
key concern for bears and increases the risk of a correction back to the
3469.23-3474.85 region. Bulls continue to look for a close above 3474.86 to
initially target DMAs clustered 3549.08-3583.21. The 200-WMA remains key
support. Bears continue to look for a close below the 200-WMA to target 2017
lows.

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