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Layers of Resistance..............>

EUROSTOXX50 TECHS: Layers of Resistance 3436.39-3476.21 Key
*RES 4: 3476.21 High Feb 27 
*RES 3: 3441.09 Hourly support Feb 28 now resistance 
*RES 2: 3436.39 Daily Bear channel top off 2018 high 
*RES 1: 3420.59 Alternating hourly support/resistance
*SUP 1: 3390.81 High Mar 6 now support 
*SUP 2: 3354.61 Hourly support Mar 7 
*SUP 3: 3312.66 Bollinger band base 
*SUP 4: 3306.66 2018 Low Feb 9
*COMMENTARY: The recovery from the failed attempt to take out 2018 lows left a
double daily bottom in place with focus now on 3436.39-3476.21 where the bear
channel to is noted. Bulls still need a close above 3476.21 to shift initial
focus to key DMAs 3510.31-3570.95. Support layers are now building with bears
needing a close below the 200-WMA (3298.41) to target 2017 lows (3214.31) and
then the bear channel base (3155.08).

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