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3100 Pivot In Focus *RES 4:.......>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: 3100 Pivot In Focus
*RES 4: 3349.45 200-dma 
*RES 3: 3244.98 High Dec 3 
*RES 2: 3140.00 Down trendline resistance from Sep high 
*RES 1: 3100.00 Pivot 
*PREVIOUS CLOSE: 3054.94 
*SUP 1: 2908.70 Dec 27 low 
*SUP 2: 2892.52 Aug 3 2016 Low 
*SUP 3: 2678.27 Low July 1 2016 
*SUP 4: 2494.54 Low May 24, 2013 
Eurostoxx50 overcame its 21-dma yesterday to put the focus squarely on the 3100
pivot area, above which would shift improve the outlook. Above down trendline
resistance at 3140 would shift the outlook positive, opening the Dec 3 high of
3244.98. Bears look for a move back below 3000 which would allow them to target
the Dec 27 low at 2908.70. A break here would switch the focus to the Aug 2016
low at 2892.52.

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