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Lower Lows *RES 4: 3490.00 Down...>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Lower Lows
*RES 4: 3490.00 Down trendline resistance from Jan high 
*RES 3: 3486.31 High Aug 10 
*RES 2: 3452.41 High Sep 27 
*RES 1: 3282.22 High Oct 17 
*PREVIOUS CLOSE: 3134.89 
*SUP 1: 3030.00 Up trendline support from 2012 low 
*SUP 2: 2984.48 Low Dec 2 2016 
*SUP 3: 2678.86 Low June 30 2016 
*SUP 4: 2494.54 Low June 28 2013 
Eurostoxx50 hit fresh cycle lows on Friday dipping below 3100 temporarily before
recovering some losses. The bearish trend remains firmly intact with the focus
squarely on up trendline support from the 2012 low which comes in at 3030. Below
here would open fresh multi-year lows. Bulls need to overcome the Oct 17 high at
3282.22 to shift the outlook neutral, while a break above the Sep 27 high at
3452.41 is needed to establish a higher high and turn the outlook bullish. 

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