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Downtrend Intensifying *RES 4:...>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Downtrend Intensifying 
*RES 4: 3536.87 High July 31 
*RES 3: 3514.78 High August 7 
*RES 2: 3486.31 High August 10 
*RES 1: 3462.81 High August 28 
*PREVIOUS CLOSE: 3315.62 
*SUP 1: 3300.50 Low April 4 
*SUP 2: 3261.86 Low March 26 
*SUP 3: 3214.31 Low February 8 2017 
*SUP 4: 3175.00 Bear channel bottom 
Eurostoxx50 has lost 4% over the past 5 trading days, with yesterday's drop
taking out the June lows and turning attention to the April 4 low at 3300.50. A
break below here, which is looking increasingly likely, would open the March 26
lows at 3261.86. Bulls need to recover the Aug 28 high of 3462.81 to shift the
outlook positive again and mount another attempt at a break of the broader
downtrend.

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