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Closes Below 200-DMA *RES 4:.....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Closes Below 200-DMA 
*RES 4: 3597.05 Hourly support Dec 18 now resistance 
*RES 3: 3576.49 Hourly resistance Dec 21 
*RES 2: 3550.78 100-DMA 
*RES 1: 3537.33 200-DMA
*PREVIOUS CLOSE: 3524.31
*SUP 1: 3519.35 Low Dec 7 
*SUP 2: 3497.29 High Aug 16 now support 
*SUP 3: 3467.94 High Sept 7 now support 
*SUP 4: 3396.69 Monthly Low Sept 6
*COMMENTARY: The close below the weekly bull channel base off July 2016 lows and
200-DMA adds weight to the bearish case but a close below 3519.35 remains needed
to confirm a bearish bias and below 3467.78 targets 3363.68 Aug lows. Layers of
resistance accumulating add to bearish confidence with bulls now needing a close
above the 100-DMA to ease bearish pressure and above 3620.01 to gain traction
topside.

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