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Holds Onto Recent Gains *RES 4:...>

EUROSTOXX50 TECHS: Holds Onto Recent Gains
*RES 4: 3836.28 High Oct 13, 2015
*RES 3: 3830.60 1.236 projection of Aug 15 - Oct 1 rally from Oct 3 low
*RES 2: 3748.12 1.000 projection of Aug 15 - Oct 1 rally from Oct 3 low
*RES 1: 3733.45 High Nov 19 and bull trigger
*PRICE: 3705.55 @ Close Nov 26
*SUP 1: 3651.51 Low Nov 21
*SUP 2: 3637.94 High Oct 28 and former breakout point
*SUP 3: 3593.60 Low Oct 31
*SUP 4: 3571.75 Trendline support drawn off the Aug 15 low
EUROSTOXX50 started this week on a firmer note despite not making much headway
yesterday. Last weeks bearish price action remains relevant. In candle terms,
the pattern on Nov 19 was a shooting star highlighting a possible top. Support
at 3679.63, Nov 13 low was been breached and this potentially opens 3637.94, Oct
28 high. A break would also undermine the uptrend. Clearance of 3733.45 is
needed to confirm a resumption of the bull trend.

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