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Bears Eye YTD Lows *RES 4:........>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Bears Eye YTD Lows
*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: 3150.27 
*SUP 1: 3090.85 Low Oct 26 
*SUP 2: 3050.00 Up trendline support from 2012 low 
*SUP 3: 2984.48 Low Dec 2 2016 
*SUP 4: 2678.27 Low Jul 1 2016 
Eurostoxx has resumed its broader downtrend as up trendline support from the Oct
26 low comes into focus. This level comes in around 3010 and a break below here
would suggest a return tot he 3090.85 low. Below here brings into play key up
trendline support from the 2012 lows. Bulls need to break above down trendline
resistance to target the Nov 8 highs at 3263.72, above which would suggest a
bottom has been established.

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