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Oct 26 Lows In Sight *RES 4:......>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Oct 26 Lows In Sight
*RES 4: 3536.87 High Jul 31 
*RES 3: 3486.31 High Aug 10 
*RES 2: 3452.41 High Sep 27 
*RES 1: 3263.72 High Nov 8 
*PREVIOUS CLOSE: 3160.33 
*SUP 1: 3090.85 Low Oct 26 
*SUP 2: 3030.00 Up trendline support from 2012 low 
*SUP 3: 2984.48 Low Dec 2 2016 
*SUP 4: 2678.27 Low Jul 1 2016 
Eurostoxx50 closed at a new monthly low yesterday to put the focus squarely on
the Oct 26 low at 3090.85. Below here would extend the selloff towards up
trendline support from the 2012 low which comes in around 3030. Bulls need to
recover the 3200 level to shift the outlook neutral and target the Nov 8 high at
3263.73. Above here would trigger an inverse head-and-shoulder pattern.

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