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Closes Below Bull Channel Base ...>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Closes Below Bull Channel Base 
*RES 4: 3708.82 2017 High Nov 1 
*RES 3: 3695.32 High Nov 7 
*RES 2: 3669.94 Hourly support Oct 31 now resistance 
*RES 1: 3639.81 Alternating daily support/resistance
*PREVIOUS CLOSE: 3612.50
*SUP 1: 3580.21 Low Oct 26 
*SUP 2: 3568.16 Bollinger band base 
*SUP 3: 3562.39 55-DMA 
*SUP 4: 3556.50 Low Sept 28
*COMMENTARY: The lack of follow through on recent 2017 highs and hesitation
ahead of 3714.26 has seen the index break lower and the close below the bull
channel base (3633.27) shifting initial focus to 3556.50-3580.21 where the
55-DMA and Bollinger base are noted. Correcting daily studies add weight to the
bearish case. Bulls now look for a close above 3639.81 to ease bearish pressure
and above 3669.94 to shift focus back to 2017 highs.

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