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EUROSTOXX50 TECHS: Pushing Higher
*RES 4: 3836.28 High Oct 13, 2015
*RES 3: 3830.60 1.236 projection of Aug 15 - Oct 1 rally from Oct 3 low
*RES 2: 3748.12 1.000 projection of Aug 15 - Oct 1 rally from Oct 3 low
*RES 1: 3733.45 High Nov 19 and bull trigger
*PRICE: 3707.68 @ Close Nov 25
*SUP 1: 3651.51 Low Nov 21
*SUP 2: 3637.94 High Oct 28 and former breakout point
*SUP 3: 3593.60 Low Oct 31
*SUP 4: 3571.75 Trendline support drawn off the Aug 15 low
EUROSTOXX50 has started the week on a firmer note. Last weeks bearish price
action however continues to play a role. In candle terms, the pattern on Nov 19
was a shooting star highlighting a possible top. Support at 3679.63, Nov 13 low
has been breached and near-term risk is for weakness towards 3637.94, Oct 28
high. A break would further undermine the recent uptrend. Clearance of 3733.45
is needed to erase bearish concerns and resume the uptrend.