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Bears Remain In Control *RES 4:...>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Bears Remain In Control
*RES 4: 3536.87 High Jul 31 
*RES 3: 3486.31 High Aug 10 
*RES 2: 3452.41 High Sep 27 
*RES 1: 3230.00 Down trendline resistance form Oct 26 high 
*PREVIOUS CLOSE: 3058.53 
*SUP 1: 3000.00 Support 
*SUP 2: 2984.48 Low Dec 2 2016 
*SUP 3: 2678.27 Low Jul 1 2016 
*SUP 4: 2494.54 Low May 24, 2013 
Eurostoxx remains below up trendline support from the 2012 lows after failing to
recover the 3100 level on Friday, keeping the medium-term picture decidedly
bearish. The next downside target comes in at 3000, below which opens the Dec
2016 lows at 2984.48. Bulls need to break above down trendline resistance to
target the Nov 8 highs at 3263.72, above which would suggest a bottom has been
established.

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