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Oct Lows Still Under Pressure.....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Oct Lows Still Under Pressure
*RES 4: 3490.00 Down trendline resistance from Jan high 
*RES 3: 3486.31 High Aug 10 
*RES 2: 3462.81 High Aug 28 
*RES 1: 3300.00 Resistance 
*PREVIOUS CLOSE: 3210.82 
*SUP 1: 3180.00 Low Oct 15 
*SUP 2: 3150.00 Bear channel bottom 
*SUP 3: 3030.00 Up trendline support from 2012 low 
*SUP 4: 2984.48 Low Dec 2 2016 
Eurostoxx50 tested its Oct 15 lows on Friday before recovering the 3200 level
but the recovery has been shallow keeping the focus on this level. Below here
opens the bear channel bottom at 3150 ahead of up trendline support from the
2012 lows. Bulls need to recover the 3000 level to improve the outlook, but
momentum is turning increasingly negative.

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