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Looking Toppy *RES 4: 3540.64.....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Looking Toppy
*RES 4: 3540.64 High June 15 
*RES 3: 3536.87 High July 31 
*RES 2: 3514.78 High August 7 
*RES 1: 3486.31 High August 10 
*PREVIOUS CLOSE: 3430.99 
*SUP 1: 3404.87 Low August 22 
*SUP 2: 3349.14 Low August 15 
*SUP 3: 3340.85 Low June 27 
*SUP 4: 3335.10 200-WMA 
The bigger picture remains bearish as bulls continue to fail in their quest to
register new highs. Resistance at the Aug 10 high of 3486.31 remains elusive and
yesterday's drop puts the focus back on the downside with bears eyeing the Aug
22 low at 3404.87. Below here would shift the focus back to the Aug 15 low and
beyond, cementing the large topping pattern. 

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