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False Break? *RES 4: 3400.00......>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: False Break?
*RES 4: 3400.00 Downtrend resistance from Jan 2018 high 
*RES 3: 3307.00 200-dma 
*RES 2: 3274.40 Low Sep 7 now resistance 
*RES 1: 3228.11 High Feb 6 
*PREVIOUS CLOSE: 3182.66 
*SUP 1: 3154.65 21-dma 
*SUP 2: 3100.70 Pivot 
*SUP 3: 2908.70 Dec 27 low 
*SUP 4: 2892.52 Aug 3 2016 Low 
Eurostoxx hit fresh ytd highs yesterday before reversing back down through 3200
to suggest a potential false break. This puts the focus back on the downside and
on the 21dma which comes in at 3154.65. Below here would suggest a bearish
reversal towards the Dec 27 low at 2908.70. Bulls target yesterday's high to
extend the recovery towards the Dec 3 high at 3244.98 ahead of a return to the
200-dma.

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