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With risk aversion spiking in.....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: With risk aversion spiking in the past 24-hrs, we've seen the
EUROSTOXX50 sell-off once again. From a technical standpoint, attention is on
the key trendline support once again.
- As we've recently highlighted, this trendline is a reliable gauge of market
sentiment in this market. The trendline has been tested several times over the
past few months and successfully contained pullbacks, confirming bullish
sentiment and a broader uptrend.
- Today, the trendline intersects at 3749.41 and today's low so far is just
ahead of this level.
- A clear break of the trendline would provide a strong signal of a shift in
sentiment and a potential reversal.
- If the trendline holds, the uptrend remains intact.

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