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Recovery Efforts Fail To..........>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Recovery Efforts Fail To Overcome 3200
*RES 4: 3486.31 High Aug 10 
*RES 3: 3452.41 High Sep 27 
*RES 2: 3282.22 High Oct 17 
*RES 1: 3185.60 High Oct 24, pivot area
*PREVIOUS CLOSE: 3154.93 
*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 had a strong day yesterday but failed to break above the Oct 24 high
at 3185.60 needed to shift the outlook neutral. A close above this pivot area
would open the Oct 17 high at 3282.22, ahead of a potential run at the Sep 27
highs. The downtrend remains intact for now though with bears looking 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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