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Stoxx 600 - Bulls need to defend rising trend line support

Stoxx 600 - Bulls need to defend rising trend line support

Stoxx Europe 600 EUREX:FY1!

Drop from yesterday's high if followed by a daily closing below rising trend line would signal that retreat from Apr 21 high has resumed. In such a case, support at 325.40 (May 6 low) stands exposed. A violation there would expose 320 levels.

On the higher side, only a daily close above daily 50-SMA line would increase odds of a fresh rally towards 347.60 levels.