After pausing briefly on Wednesday’s the gains resumed for Stoxx50 yesterday with fresh 2015 and 6+ year highs as the index broke above the rising weekly trend line extension, closing above Bollinger tops in the process. Immediate pressure remains on 3583.6 with overall bullish focus having shifted to the May 2008 monthly high (3900.3). Bears now need a close below 3529.1 to ease bullish pressure and below the 21-DMA to shift overall focus lower
RES 4: 3900.3 Monthly High May 2 2008
RES 3: 3790.5 High May 30 2008
RES 2: 3662.3 Low June 5 2008 now resistance
RES 1: 3583.6 High June 17 2008
PREVIOUS CLOSE: 3574.8
SUP 1: 3529.1 Low Feb 25
SUP 2: 3495.3 High Feb 19 now support
SUP 3: 3438.1 21-DMA
SUP 4: 3381.3 Low Feb 17
