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Bears Regaining Control *RES 4:...>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Bears Regaining Control
*RES 4: 3536.87 High Jul 31 
*RES 3: 3490.00 Down trendline resistance from Jan high 
*RES 2: 3486.31 High Aug 10 
*RES 1: 3462.81 High Aug 28 
*PREVIOUS CLOSE: 3388.99 
*SUP 1: 3367.27 21-dma 
*SUP 2: 3261.86 Low Mar 26 
*SUP 3: 3214.31 Low Feb 8 2017 
*SUP 4: 3175.00 Bear channel bottom 
Bulls are losing their grip as Eurostoxx50 appears to be rolling over after
failing below 3400. Bears look for a close back below the 21-dma to cement the
bearish near-term trend. Below here would return the focus to the March 26 low
at 3261.86. Bulls need to overcome the Aug 28 high and 200-dma to establish a
higher cyclical high, something which has not been achieved since May. 

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