Stoxx50 consolidated the recent move to 2015 and 6+ year highs, confirming the significance of the 3386.6 support in the process. Bears continue to look for a close below 3386.6 to ease bullish pressure and below the key 3326.4 support to hint at a deeper correction that initially targets the 3256.3-3261.8 region where the 21-DMA is located. While 3386.6 supports immediate focus remains on the daily trend line extension off Dec & Jan highs.
RES 4: 3516.1 Bollinger band top
RES 3: 3456.8 Monthly High Aug 2008
RES 2: 3444.4 Daily trend line extension
RES 1: 3426.7 2015 High Feb 3
PREVIOUS CLOSE: 3415.4
SUP 1: 3386.6 Low Feb 3
SUP 2: 3326.4 Low Jan 29
SUP 3: 3261.8 Low Jan 22
SUP 4: 3256.3 21-DMA
