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Recovery Stalls *RES 4: 3536.87...>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Recovery Stalls
*RES 4: 3536.87 High Jul 31 
*RES 3: 3486.31 High Aug 10 
*RES 2: 3452.41 High Sep 27 
*RES 1: 3263.72 High Nov 8 
*PREVIOUS CLOSE: 3166.42
*SUP 1: 3090.85 Low Oct 26 
*SUP 2: 3050.00 Up trendline support from 2012 low 
*SUP 3: 2984.48 Low Dec 2 2016 
*SUP 4: 2678.27 Low Jul 1 2016 
EUROSTOXX failed to extend gains above the initial down trendline resistance at
the 3183.82 level yesterday, which returns the near-term outlook neutral. Bulls
need a break above the 21-dma to target the  Nov 8 high at 3263.72. A further
move above here would suggest that a bottom has been established. Bears look to
target the Oct 26 low, below which brings into play key up trendline support
from the 2012 lows. 

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