March Lows In Focus *RES 4:.......>

EUROSTOXX50 TECHS: March Lows In Focus

*RES 4: 3536.87 High July 31 

*RES 3: 3514.78 High August 7 

*RES 2: 3486.31 High August 10 

*RES 1: 3462.81 High August 28 

*PREVIOUS CLOSE: 3293.36 

*SUP 1: 3261.86 Low March 26 

*SUP 2: 3214.31 Low February 8 2017 

*SUP 3: 3175.00 Bear channel bottom 

*SUP 4: 2984.48 Low December 2 2016 

Eurostoxx50 closed off its low on Friday but the bearish trend remains firmly

intact following four consecutive daily losses. The March 26 low of 3261.86 is

now within touching distance and a break below here would open up the Feb 2017

lows at 3214.31, confirming the large topping pattern. Bulls need to recover the

Aug 28 high of 3462.81 to shift the outlook positive again and mount another

attempt at a break of the broader downtrend.