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Bears Need Close Below 3390.04 ...>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Bears Need Close Below 3390.04 
*RES 4: 3484.66 High Aug 17 
*RES 3: 3467.78 High Aug 23 
*RES 2: 3457.94 21-DMA 
*RES 1: 3439.65 High Aug 28
*PREVIOUS CLOSE: 3421.03
*SUP 1: 3411.06 Low Aug 21 
*SUP 2: 3405.28 200-DMA 
*SUP 3: 3402.10 Bollinger band base 
*SUP 4: 3390.04 Low Mar 14
*COMMENTARY: The index managed a pop above the 21-DMA Wednesday but follow
through remains lacking on approach to the 55-DMA/bear channel top and
3490.35-3539.48 region as a whole. Bulls look for a close above 3539.48 to end
bearish hopes and initially target 3615.06 June highs. The 3390.04-3411.06
support region is key. Bears need a close below 3390.04 to confirm a break of
the 200-DMA and initially focus on 3335.77-3355.40.

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