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Bears Need Close Below 200-DMA....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Bears Need Close Below 200-DMA
*RES 4: 3674.50 High Jan 24 
*RES 3: 3659.33 High Jan 25 
*RES 2: 3636.05 Low Jan 29 now resistance 
*RES 1: 3600.36 Low Jan 31 now resistance
*PREVIOUS CLOSE: 3577.35
*SUP 1: 3534.51 200-DMA 
*SUP 2: 3520.84 Low Jan 4 
*SUP 3: 3509.92 55-WMA 
*SUP 4: 3467.78 High Sept 9 now support
*COMMENTARY: Having failed to trouble 2017 highs on the recovery from 2018 lows
the index remains offered following closes below key DMAs with immediate focus
now on the 200-DMA. Bears need a close below the 200-DMA to add weight to the
case for a move targeting 2018 lows (3469.23). Bulls need a close above 3600.36
to gain breathing room and above 3636.05 to shift focus to 2017 & 2018 highs.

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