Bears In Charge But Lacking.......>

EUROSTOXX50 TECHS: Bears In Charge But Lacking Bite

*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: 3180.74 

*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 continues to edge lower as it heads towards 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. That said, bulls are not going down

without a fight, and the choppy nature of recent declines suggests that a close

back above the 21-dma at 3191.57 would return the focus to the Nov 8 high at

3263.73. Above here would trigger an inverse head-and-shoulder pattern.