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Bulls Need Close Above 55-DMA ....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Bulls Need Close Above 55-DMA 
*RES 4: 3497.29 High Aug 16 
*RES 3: 3471.26 55-DMA 
*RES 2: 3467.78 High Aug 23 
*RES 1: 3454.45 High Sept 1
*PREVIOUS CLOSE: 3433.80
*SUP 1: 3395.03 Hourly resistance Aug 29 now support 
*SUP 2: 3373.52 Hourly support Aug 29 
*SUP 3: 3363.68 Low Aug 29 
*SUP 4: 3355.40 High Feb 22 now support
*COMMENTARY: Bears failed to capitalize on the break of 3412.26 with the index
bouncing aggressively from ahead of 3395.03 to again flirt with the 21-DMA
(3434.02). Layers of resistance remain 3454.55-3539.48. Bulls continue to look
for a close above the 55-DMA to confirm focus on 3497.29-3539.48 where the
100-DMA (3519.09) is located and above this region to target 2017 highs. Bears
now need a close below 3395.03 to target the channel base (3333.43).

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