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Outlook Neutral *RES 4: 3536.87...>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Outlook Neutral
*RES 4: 3536.87 High Jul 31 
*RES 3: 3486.31 High Aug 10 
*RES 2: 3452.41 High Sep 27 
*RES 1: 3282.22 High Oct 17 
*PREVIOUS CLOSE: 3214.41 
*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: 2678.86 Low June 30 2016 
Eurostoxx50 extended gains on Friday but closed on its lows suggesting the rally
is fading ahead of the Oct 17 high at 3282.22. Bulls need to recover this level
to shift the outlook bullish and target the Sep 27 highs. On the downside, bears
look to take out the Oct 26 low at 3090.85 to extend the selloff and test up
trendline support from the 2012 low which comes in around 3030.

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