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Focus Back On 2018 Low *RES 4:....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Focus Back On 2018 Low
*RES 4: 3636.05 Low Jan 29 now resistance 
*RES 3: 3600.36 Low Jan 31 now resistance 
*RES 2: 3570.95 High Feb 2 
*RES 1: 3554.21 200-DMA
*PREVIOUS CLOSE: 3523.28
*SUP 1: 3520.84 Low Jan 4 
*SUP 2: 3508.94 55-WMA 
*SUP 3: 3469.23 2018 Low Jan 2 
*SUP 4: 3467.78 High Sept 9 now support
*COMMENTARY: Having failed to trouble 2017 highs on the recovery from 2018 lows
the index remains offered following closes below key DMAs with. The close below
the 200-DMA Friday adds weight to the case for a test of 2018 lows and then 100
(3293.30) & 200 (3292.65) WMAs. Layers of resistance are accumulating and
weighing with bulls needing a close above 3570.95 to ease bearish pressure.

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