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EUROSTOXX50 TECHS: Above Nov 8 High Would Trigger Bullish Reversal
*RES 4: 3536.87 High Jul 31
*RES 3: 3486.31 High Aug 10
*RES 2: 3452.41 High Sep 27
*RES 1: 3263.72 High Nov 8
*PREVIOUS CLOSE: 3194.08
*SUP 1: 3090.85 Low Oct 26
*SUP 2: 3030.00 Up trendline support from 2012 low
*SUP 3: 2984.48 Low Dec 2 2016
*SUP 4: 2678.27 Low Jul 1 2016
Eurostoxx50 recovered its 21-dma yesterday which allows bulls to to target the
Nov 8 high at 3263.73. Above here would trigger an inverse head-and-shoulder
pattern targeting the Sep 27 highs, above which the downtrend from the January
high would come under threat. Bears continue to eye the Oct 26 low at 3090.85.
Below here would extend the selloff towards up trendline support from the 2012
low which comes in around 3030.