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3620.01 Resistance Remains Key....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: 3620.01 Resistance Remains Key
*RES 4: 3708.82 2017 High Nov 1 
*RES 3: 3670.47 Low Nov 6 now resistance 
*RES 2: 3642.10 Low Nov 8 now resistance 
*RES 1: 3624.74 High Jan 8
*PREVIOUS CLOSE: 3616.45
*SUP 1: 3608.82 Low Jan 8 
*SUP 2: 3589.09 55-DMA 
*SUP 3: 3570.51 Low Jan 5 
*SUP 4: 3524.31 Hourly resistance Dec 29 now support
*COMMENTARY: The recovery from 2018 lows so far resulted in a pop above the
3620.01 resistance but follow through has been lacking. Daily studies remain
well placed for gains with bulls now needing a close above 3624.74 to add
support to the case for a move targeting 2017 highs. Bears now look for a close
below the 55-DMA to ease bullish pressure and below 3570.51 to target 2018 lows

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