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Recovery Rolls On *RES 4:.........>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Recovery Rolls On
*RES 4: 3452.41 High Sep 27 
*RES 3: 3370.00 Downtrend resistance from Jan 2018 high 
*RES 2: 3298.49 200-dma 
*RES 1: 3274.40 Low Sep 7 now resistance 
*PREVIOUS CLOSE: 3259.49 
*SUP 1: 3180.49 21-dma 
*SUP 2: 3100.70 Pivot 
*SUP 3: 2908.70 Dec 27 low 
*SUP 4: 2892.52 Aug 3 2016 Low 
Eurostoxx extended its rally yesterday which now brings the Sep 7 low at 3274.40
into focus. A break above here would open the 200-dma at 3298.49 ahead of down
trendline resistance from the Jan 2018 highs. To regain the upper hand bears
need to break back below the 21-dma at 3180.49, which would bring the 3100 pivot
area into focus. Below here would suggest a bearish reversal towards the Dec 27
low at 2908.70.

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