Above 3642.10 To Initially........>

EUROSTOXX50 TECHS: Above 3642.10 To Initially Target 2017 Highs 

*RES 4: 3670.47 Low Nov 6 now resistance 

*RES 3: 3642.10 Low Nov 8 now resistance 

*RES 2: 3620.01 High Nov 10 

*RES 1: 3595.20 55-DMA

*PREVIOUS CLOSE: 3576.22

*SUP 1: 3557.37 Hourly support Dec 4 

*SUP 2: 3522.78 200-DMA 

*SUP 3: 3519.35 Low Nov 15 

*SUP 4: 3515.57 Weekly Bull channel base (Off July 2016 low)

*COMMENTARY: Bears failed to take advantage of pressure on the 200-DMA with the

bounce easing immediate bearish pressure Monday. Bulls now look for a close

above 3642.10 to confirm traction above the bear channel top (3619.17) and

55-DMA, initially targeting 2017 highs. Bears now need a close below 3557.37 to

ease pressure on resistance layers and below 3497.29 to confirm a break of the

weekly bull channel base, with below 3467.78 to target 3363.68-3397.27.