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Focus is on trendline support.....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Focus is on trendline support
*RES 4: 3650.63 2.000 projection of Aug 15 - Aug 22 from Aug 26 low
*RES 3: 3596.20 High May 18, 2018
*RES 2: 3587.16 1.618 projection of Aug 15 - 22 rally from Aug 26 low
*RES 1: 3578.04 High Sep 20
*PRICE: 3536.97 @ Close Sep 23
*SUP 1: 3534.35 Trendline support drawn off the Aug 15 low
*SUP 2: 3526.26 Low Sep 23
*SUP 3: 3506.36 Low Sep 17 and key support
*SUP 4: 3479.58 Low Sep 10
EUROSTOXX50 faced resistance yesterday. The pullback brings into focus trendline
support drawn off the Aug 15 low that intersects at 3534.35 today. A break of
the trendline would signal a reversal of the trend that has been in place since
Aug 15. This would open 3506.36, Sep 17 low, also a key support. For now the
trendline remains intact. As long as this is the case, bullish conditions hold.
A break of Friday's 3578.04 high would confirm a resumption of the uptrend.

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