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EUROSTOXX: Weak Close Keeps The...>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: EUROSTOXX: Weak Close Keeps The Pressure On
*RES 4: 3490.00 Down trendline resistance from Jan high 
*RES 3: 3486.31 High Aug 10 
*RES 2: 3462.81 High Aug 28 
*RES 1: 3282.22 High Oct 17 
*PREVIOUS CLOSE: 3130.33
*SUP 1: 3030.00 Up trendline support from 2012 low 
*SUP 2: 2984.48 Low Dec 2 2016 
*SUP 3: 2678.86 Low June 30 2016 
*SUP 4: 2494.54 Low June 28 2013 
Despite a strong intraday rally that saw Tuesday's highs taken out, Eurostoxx50
still managed to post fresh cycle lows as gains were given back and then some.
The weak close keeps the downside pressure on as up trendline support from the
2012 low comes into play. A break below here would give bears further momentum
to target 2016 lows. Bulls need to recover the Oct 17 high at 3282.22 to shift
the outlook neutral.

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