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Bears Need Close Below 3467.94....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Bears Need Close Below 3467.94
*RES 4: 3589.77 55-DMA 
*RES 3: 3552.74 100-DMA 
*RES 2: 3538.41 200-DMA 
*RES 1: 3524.31 Hourly resistance Dec 29
*PREVIOUS CLOSE: 3509.88
*SUP 1: 3467.94 High Sept 7 now support 
*SUP 2: 3427.47 Daily Bear channel base 
*SUP 3: 3396.69 Monthly Low Sept 6 
*SUP 4: 3363.68 Monthly Low Aug 29
*COMMENTARY: The close below the weekly bull channel base off July 2016 lows and
200-DMA added weight to the bearish case with the close below 3519.35 confirming
a bearish bias and below 3467.94 to target 3363.68 Aug lows. Layers of
resistance accumulating add to bearish confidence with bulls needing a close
above the 200-DMA to ease bearish pressure and above 3620.01 to gain traction
topside.

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