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Bear Channel Bottom Breaks *RES...>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Bear Channel Bottom Breaks
*RES 4: 3490.00 Down trendline resistance from Jan high 
*RES 3: 3486.31 High Aug 10 
*RES 2: 3462.81 High Aug 28 
*RES 1: 3282.22 High Oct 17 
*PREVIOUS CLOSE: 3140.94 
*SUP 1: 3030.00 Up trendline support from 2012 low 
*SUP 2: 2984.48 Low Dec 2 2016 
*SUP 3: 2678.86 Low June 30 2016
*SUP 4: 2494.54 Low June 28 2013 
Eurostoxx50 broke below its bear channel bottom yesterday with the next support
level now coming in at 3030, marking up trendline support from the 2012 lows. A
break below here would give bears further momentum to target 2016 lows. Bulls
need to recover the Oct 17 high at 3282.22 to shift the outlook neutral, while a
break back above 3462.81 is needed to suggest a bullish reversal is in play.

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