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Consolidating Below 3100 *RES.....>

EUROSTOXX50 TECHS: Consolidating Below 3100
*RES 4: 3486.31 High Aug 10 
*RES 3: 3452.41 High Sep 27 
*RES 2: 3230.00 Down trendline resistance form Oct 26 high 
*RES 1: 3100.77 Low Nov 20, now resistance
*SUP 1: 3000.00 Support 
*SUP 2: 2984.48 Low Dec 2 2016 
*SUP 3: 2678.27 Low Jul 1 2016 
*SUP 4: 2494.54 Low May 24, 2013 
Eurostoxx mounted a slight recovery yesterday but was unable to recover the 3100
level which keeps the broader bearish trend intact. Bears target a move down to
3000, below which would open the Dec 2016 lows at 2984.48. Bulls need to reclaim
the 3100 level to gain some breathing room and allow a challenge of down
trendline resistance to target the Nov 8 highs at 3230.00. Above here would
suggest a bottom has been established.

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