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3418.06 Support Key This Week.....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: 3418.06 Support Key This Week
*RES 4: 3501.89 55-WMA
*RES 3: 3482.25 55-DMA
*RES 2: 3480.44 High July 10
*RES 1: 3466.26 High July 13
*PREVIOUS CLOSE: 3454.54
*SUP 1: 3418.06 Low July 12 
*SUP 2: 3389.44 Alternating daily support/resistance 
*SUP 3: 3342.46 Bollinger band base 
*SUP 4: 3340.50 Low June 27
*COMMENTARY: The recovery from June lows stalled ahead of the 55-DMA with
correcting O/B studies increasing the risk of a correction back to the 200-WMA
(3323.08). Bears now need a close below 3418.06 to shift initial focus back to
3340.50 June lows. Bulls now need a close above the 55-DMA to gain breathing
room and above the 200-DMA (3512.43) to hint at a move back to 2018 highs.

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