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Bears Need Close Below 3424.60....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Bears Need Close Below 3424.60
*RES 4: 3540.64 High June 15
*RES 3: 3514.39 200-DMA
*RES 2: 3505.02 Low June 15 now resistance
*RES 1: 3485.67 55-DMA
*PREVIOUS CLOSE: 3473.31
*SUP 1: 3451.84 100-DMA 
*SUP 2: 3424.60 High June 27 now support 
*SUP 3: 3389.44 Alternating daily support/resistance 
*SUP 4: 3340.50 Low June 27
*COMMENTARY: The 100-DMA supporting adds to bullish confidence with focus on
3485.67-3540.64 where 55 & 200-DMAs are situated. Daily studies approaching O/B
is now an issue. Bears look for a close below 3424.60 to gain breathing room and
below 3389.44 to pressure June lows. Bulls now need a close above 3540.64 to
shift initial focus to 3600.36 and add support to the case for a move targeting
2018 highs.

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