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Bull Trend Intact *RES 4:.........>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Bull Trend Intact
*RES 4: 3687.22 Jan 2018 high
*RES 3: 3665.64 0.764 projection of Aug 15 - Oct 1 rally from Oct 3 low
*RES 2: 3614.62 0.618 projection of Aug 15 - Oct 1 rally from Oct 3 low
*RES 1: 3610.44 High Oct 15
*PRICE: 3599.25 @ Close Oct 16
*SUP 1: 3562.39 Low Oct 16
*SUP 2: 3490.52 Low Oct 11
*SUP 3: 3478.84 50-day EMA
*SUP 4: 3426.82 Low Oct 8
EUROSTOXX50 maintains a bullish tone following the recent extension higher and
more importantly, this weeks break of former resistance at 3588.68, Oct 1 high.
This break confirms a resumption of the broader uptrend and paves the way for a
climb towards 3614.62 and 3665.64, both Fibonacci projection levels. Momentum
studies are pointing north too, reinforcing the current bullish theme. On the
downside, support for now is seen at 3562.39, yesterday's low.

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