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Holds Just Above The Swing........>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Holds Just Above The Swing Target At 3512.0
*RES 4: 3609.0 50% Fibo of 3703.0-3515.0
*RES 3: 3586.0 Nov 14 high, 38.2% Fibo of 3703.0-3515.0
*RES 2: 3569.0 Hourly high Nov 14
*RES 1: 3558.0 Hourly resistance
*PREVIOUS CLOSE: 3540.0  
*SUP 1: 3522.0 Hourly support
*SUP 2: 3515.0 Nov 15 low
*SUP 3: 3512.0 1.618 swing target of 3540.0-3586.0 rise
*SUP 4: 3493.0 Sep 15 low
*COMMENTARY* Having lost the 50% Fibo retrace level at 3532.0 on Wednesday, the
decline rested at 3515.0, just shy of 3512.0, the calculated swing target of the
preceding 3540.0-3586.0 recovery. Heavily oversold in the near term again,
looking to 3558.0-3569.0 for resistance now but it is currently that 3586.0
level that is key, now also becoming a 38.2% Fibo retrace of the losses
sustained since the Nov 1 high at 3703.0. If 3512.0 lost then 3493.0-3491 next.

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