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Bulls Need Close Above 3456.15 ...>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Bulls Need Close Above 3456.15 
*RES 4: 3501.84 55-DMA, Daily Bear channel top 
*RES 3: 3497.29 High Aug 16 
*RES 2: 3484.66 High Aug 17 
*RES 1: 3456.15 Low Aug 17 now resistance
*PREVIOUS CLOSE: 3446.03
*SUP 1: 3420.50 Low Aug 18 
*SUP 2: 3417.03 Bollinger band base 
*SUP 3: 3393.42 200-DMA 
*SUP 4: 3390.04 Low Mar 14
*COMMENTARY: Attempts to break higher last week were stifled by layers of
resistance 3497.29-3539.48 where key DMAs and the bear channel top are situated.
The lack of downside follow through Friday was less than ideal for bears with
bulls now needing a close above 3456.15 to return pressure to key resistance
layers. While 3456.15 caps immediate focus shifts back to the 3355.40-3393.42
support region where the 200-DMA is situated.

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