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Focus Returns To The Downside ....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Focus Returns To The Downside 
*RES 4: 3536.87 High Jul 31 
*RES 3: 3486.31 High Aug 10 
*RES 2: 3452.41 High Sep 27 
*RES 1: 3263.72 High Nov 8 
*PREVIOUS CLOSE: 3189.25
*SUP 1: 3090.85 Low Oct 26 
*SUP 2: 3050.00 Up trendline support from 2012 low 
*SUP 3: 2984.48 Low Dec 2 2016 
*SUP 4: 2678.27 Low Jul 1 2016 
After failing to take out down trendline resistance from the Oct 17 high on
Monday Eurostoxx has resumed its broader downtrend, breaking back below 3200 to
open the Oct 26 low at 3090.85. Below here brings into play key up trendline
support from the 2012 lows. Bulls need to break above down trendline resistance
to target the Nov 8 highs at 3263.72 and suggest a bottom has been established.

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