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Bullish Resumption? *RES 4:.......>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Bullish Resumption?
*RES 4: 3700.00 Round number resistance
*RES 3: 3687.22 Jan 2018 high
*RES 2: 3665.64 0.764 projection of Aug 15 - Oct 1 rally from Oct 3 low
*RES 1: 3630.43 High Oct 17
*PRICE: 3621.37 @ Close Oct 24
*SUP 1: 3571.01 Low Oct 18
*SUP 2: 3562.39 Low Oct 15
*SUP 3: 3531.23 Low Oct 14
*SUP 4: 3508.63 50-day EMA
EUROSTOXX50 pushed higher yesterday, attempting to resume the uptrend. The
outlook is bullish with the focus on 3665.64, 76.4% projection of Aug 15 - Oct 1
rally from Oct 3 low. We continue to monitor a bearish warning signal. The
candle pattern on Oct 17 is a shooting star (inverted hammer) formation
suggesting a top in the trend has been identified. Watch for a breach of 3562.39
support to reinforce this threat to bulls. Until then, the upside is favoured.

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