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Falls Of A Cliff *RES 4:..........>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Falls Of A Cliff
*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: 3413.31 @ Close Oct 2
*SUP 1: 3406.55 Sep 3 low
*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
A bad day for equity indices Wednesday. EUROSTOXX50 suffered too, experiencing
heavy selling pressure that saw the index clear support at 3480.28, Sep 25 low
and trendline support drawn off the Aug 26 low. A reversal has been confirmed as
a result. The focus is now on continued weakness with attention on 3372.70, the
61.8% Fibonacci retracement of the Aug 8 - Oct 1 rally. Initial resistance is at
the former 3480.28 breakout level.

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