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

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: False Bullish Break?
*RES 4: 3400.00 Downtrend resistance from Jan 2018 high 
*RES 3: 3314.16 200-dma 
*RES 2: 3274.40 Low Sep 7 now resistance 
*RES 1: 3244.98 High Dec 3 
*PREVIOUS CLOSE: 3150.76
*SUP 1: 3129.37 21-dma 
*SUP 2: 3100.00 Pivot 
*SUP 3: 2908.70 Dec 27 low 
*SUP 4: 2892.52 Aug 3 2016 Low 
Eurostoxx has reversed to the downside after breaking above down trendline
resistance from the Oct 17 high on Wednesday. Bears need a close back below the
21-dma at 3129.37 and the 3100 level to suggest a bearish reversal towards the
Dec 27 low at 2908.70. Bulls remain focused on the Dec 3 high of 3244.98. A
break above here would further improve the outlook suggesting a run at the
200-dma at 3314.16. 

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