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21-DMA Now Capping *RES 4:.......>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: 21-DMA Now Capping 
*RES 4: 3493.04 55-DMA, Bear channel top 
*RES 3: 3484.66 High Aug 17 
*RES 2: 3467.78 High Aug 23 
*RES 1: 3462.77 21-DMA
*PREVIOUS CLOSE: 3444.73
*SUP 1: 3432.05 Low Aug 23 
*SUP 2: 3411.06 Low Aug 21 
*SUP 3: 3408.47 Bollinger band top 
*SUP 4: 3401.37 200-DMA
*COMMENTARY: The index managed a pop above the 21-DMA Wednesday but follow
through remains lacking on approach to the 55-DMA/bear channel top and
3493.04-3539.48 region as a whole. Bulls look for a close above 3539.48 to end
bearish hopes and initially target 3615.06 June highs. The 3390.04-3411.06
support region is key. Bears need a close below to confirm a break of the
200-DMA and initially focus on 3335.77-3355.40.

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