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Bears Need Close Below 3412.26 ...>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Bears Need Close Below 3412.26 
*RES 4: 3476.01 55-DMA 
*RES 3: 3467.78 High Aug 23 
*RES 2: 3444.98 21-DMA 
*RES 1: 3438.41 Hourly support Sept 1 now resistance
*PREVIOUS CLOSE: 3430.42
*SUP 1: 3412.26 High Aug 30 now support 
*SUP 2: 3395.03 Hourly resistance Aug 29 now support 
*SUP 3: 3373.52 Hourly support Aug 29 
*SUP 4: 3363.68 Low Aug 29
*COMMENTARY: Bulls took comfort in the close above the 200-DMA Thursday that saw
them gain breathing room but layers of resistance 3467.78-3539.48 remain key.
Bulls need a close above 3497.29 to confirm breaks of the 55-DMA and bear
channel top and to pressure 3519.04-3539.48. A close above 3539.48 is needed to
shift focus higher. Bears look for a close below 3412.26 to return focus to the
bear channel base 3337.82.

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