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Anther Failure At Higher Highs....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Anther Failure At Higher Highs
*RES 4: 3536.87 High Jul 31 
*RES 3: 3490.00 Down trendline resistance from Jan high 
*RES 2: 3486.31 High Aug 10 
*RES 1: 3462.81 High Aug 28 
*PREVIOUS CLOSE: 3399.20 
*SUP 1: 3337.37 Low Sep 18 
*SUP 2: 3261.86 Low Mar 26 
*SUP 3: 3214.31 Low Feb 8 2017 
*SUP 4: 3175.00 Bear channel bottom 
Eurostoxx50 has seen some chart damage after failing to overcome the Aug 28 high
and 200-dma last week, which looks set to establish yet another lower high.
Bears look for a close back below the Sep 18 low at 3337.37 to return the focus
to the March 26 low at 3261.86. Bulls need a break above the 3462.81 to improve
the outlook, bringing down trendline resistance from the January high into
focus.

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