Quiet Day Keeps Focus Lower.......>

EUROSTOXX50 TECHS: Quiet Day Keeps Focus Lower

*RES 4: 3536.87 High July 31 

*RES 3: 3514.78 High August 7 

*RES 2: 3486.31 High August 10 

*RES 1: 3440.00 Pivot Area 

*PREVIOUS CLOSE: 3395.00 

*SUP 1: 3349.14 Low August 15 

*SUP 2: 3340.85 Low June 27 

*SUP 3: 3336.56 200-WMA 

*SUP 4: 3300.50 Low April 4 

Yesterday marked a quiet day of trading for the Eurostoxx50, which failed to

repair the chart damage done by Friday's losses. Bears continue to focus on the

Aug 15 and June 27 lows, a break of which would open up the 200-WMA and the Apr

4 low at 3300.50. Bulls need to retake the 3440.00 pivot area to give them some

breathing room, and rally back above the Aug 10 high of 3486.31 to shift the

outlook bullish and make another attempt at a break of the broader downtrend.