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3506.41-3539.48 Resistance........>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: 3506.41-3539.48 Resistance Region Key 
*RES 4: 3529.99 High July 20 
*RES 3: 3524.71 100-DMA 
*RES 2: 3506.41 55-DMA, Daily Bear channel top 
*RES 1: 3497.29 High Aug 16
*PREVIOUS CLOSE: 3484.57
*SUP 1: 3472.24 21-DMA 
*SUP 2: 3435.22 Hourly support Aug 14 
*SUP 3: 3424.81 Alternating hourly support/resistance 
*SUP 4: 3390.49 Alternating daily support/resistance
*COMMENTARY: Bears failed to capitalize on Monday's sell-off with the index
bouncing from ahead of the 200-DMA and bear channel base, easing immediate
bearish pressure and returning focus to 3506.41-3539.48 where the 55 & 100-DMAs
and bear channel top are situated. The 21-DMA is now seen as initial support
with bears needing a close below to ease bullish pressure and return focus to
3424.81-3435.22.

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