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Bounce Potential *RES 4:.........>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Bounce Potential 
*RES 4: 3514.78 High August 7 
*RES 3: 3486.31 High August 10 
*RES 2: 3462.81 High August 28 
*RES 1: 3349.14 Low August 15, now resistance 
*PREVIOUS CLOSE: 3326.60 
*SUP 1: 3261.86 Low March 26 
*SUP 2: 3214.31 Low February 8 2017 
*SUP 3: 3175.00 Bear channel bottom 
*SUP 4: 2984.48 Low December 2 2016 
Eurostoxx50 continued its recovery from the 3300 level yesterday, with bulls
targeting the Aug 15 low at 3349.14. Above here would give challenge to the Aug
28 high at 3462.81, a break above which would open up the year-long downtrend.
The broader trend remains bearish though with the March 26 low of 3261.86 still
in sight. A break below here would open up the Feb 2017 lows at 3214.31,
confirming the large topping pattern.

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