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Correcting Higher *RES 4:.........>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Correcting Higher
*RES 4: 3596.20 High May 18, 2018
*RES 3: 3588.68 High Oct 1 and key resistance
*RES 2: 3516.88 High Oct 2
*RES 1: 3480.28 Low Sep 25
*PRICE: 3446.71 @ Close Oct 3
*SUP 1: 3398.64 Low Oct 3 and near-term bear trigger
*SUP 2: 3372.70 61.8% retracement of Aug 15 - Oct 1 rally
*SUP 3: 3356.68 Low Aug 29
*SUP 4: 3321.68 76.4% retracement of Aug 15 - Oct 1 rally
EUROSTOXX50 pushed higher Friday correcting the sharp sell-off between Oct 1 and
2. Last week's steep sell-off is expected to weigh on sentiment near-term. The
break of support at 3480.28, Sep 25 low and trendline support drawn off the Aug
26 low opens 3372.70, the 61.8% Fibonacci retracement of the Aug 8 - Oct 1
rally. The trigger for a resumption of weakness is 3398.64, Oct 3 low.
Resistance is at the 3480.28 former breakout level.

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