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Recovery Gives Way *RES 4:........>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Recovery Gives Way
*RES 4: 3490.00 Down trendline resistance from Jan high 
*RES 3: 3486.31 High Aug 10 
*RES 2: 3462.81 High Aug 28 
*RES 1: 3300.00 Resistance 
*PREVIOUS CLOSE: 3211.59 
*SUP 1: 3180.00 Low Oct 15 
*SUP 2: 3150.00 Bear channel bottom 
*SUP 3: 3030.00 Up trendline support from 2012 low 
*SUP 4: 2984.48 Low Dec 2 2016 
The recovery proved short-lived as the focus returns to the Oct 15 low following
yesterday's heavy losses. Below here opens the bear channel bottom at 3150 ahead
of up trendline support from the 2012 lows. Bulls need to recover the 3000 level
to improve the outlook, but momentum is turning increasingly negative. 

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