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21-DMA Support Holding *RES 4:....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: 21-DMA Support Holding
*RES 4: 3536.87 High Jul 31 
*RES 3: 3486.31 High Aug 10 
*RES 2: 3452.41 High Sep 27 
*RES 1: 3263.72 High Nov 8 
*PREVIOUS CLOSE: 3205.36 
*SUP 1: 3090.85 Low Oct 26 
*SUP 2: 3030.00 Up trendline support from 2012 low 
*SUP 3: 2984.48 Low Dec 2 2016 
*SUP 4: 2678.27 Low Jul 1 2016 
Eurostoxx50 briefly dipped below its 21-dma yesterday but managed to close above
it to keep the near-term outlook neutral. Bulls continue to target the Nov 8
high at 3263.73, above which would trigger an inverse head-and-shoulder pattern
targeting the Sep 27 highs. Bears continue to eye the Oct 26 low at 3090.85.
Below here would extend the selloff towards up trendline support from the 2012
low which comes in around 3030.

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