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EUROSTOXX50: Upside Momentum......>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: EUROSTOXX50: Upside Momentum Looks Weak
*RES 4: 3543.00 Daily bear channel top 
*RES 3: 3540.64 High June 15 
*RES 2: 3536.87 High July 31 
*RES 1: 3514.78 High August 7 
*PREVIOUS CLOSE: 3494.13
*SUP 1: 3482.84 21-DMA 
*SUP 2: 3457.23 55-DMA 
*SUP 3: 3413.95 Low July 20 
*SUP 4: 3418.06 Low July 12 
Yesterday's selloff founds some support at the 21-dma but upside momentum looks
weak. Bulls need to break above the July 31 highs and the daily bear channel top
which comes in at around 3543.00 to shift the outlook bullish and establish a
higher high for the cycle. On the downside, a break below the 21-dma, currently
at 3482.84, would put the focus firmly to the downside, with the next level of
support coming in at the 55-dma. 

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