Downside Momentum Building *RES...>

EUROSTOXX50 TECHS: Downside Momentum Building

*RES 4: 3536.87 High July 31 

*RES 3: 3514.78 High August 7 

*RES 2: 3486.31 High August 10 

*RES 1: 3440.00 Pivot Area 

*PREVIOUS CLOSE: 3392.90 

*SUP 1: 3349.14 Low August 15 

*SUP 2: 3340.85 Low June 27 

*SUP 3: 3335.10 200-WMA 

*SUP 4: 3300.50 Low April 4

Friday's 1+% down day has given bears further momentum to challenge the Aug 15

and June 27 lows, a break of which would open up the 200-WMA and the Apr 4 low

at 3300.50. Bulls need to retake the 3440.00 pivot area to give them some

breathing room, and rally back above the Aug 10 high of 3486.31 to shift the

outlook bullish and make another attempt at a break of the broader downtrend,

which remains very much in place for now.