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Off Its Lows *RES 4: 3490.00......>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Off Its 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: 3164.40 
*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 opened weak yesterday but found some support ahead of the 3100 level
to mount a strong close. Bulls now need to build on yesterday's rally to target
the Oct 17 high at 3282.22 to shift the outlook neutral. A break above the Sep
27 high at 3452.41 is needed t o establish a higher high and turn the outlook
bullish. Bears remain focused on up trendline support from the 2012 low which
comes in at 3030.00.

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