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Remains Heavy *RES 4: 3448.24.....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Remains Heavy
*RES 4: 3448.24 High Mar 3 and key near-term resistance
*RES 3: 3347.83 High Mar 6
*RES 2: 3214.20 High Mar 9
*RES 1: 3088.57 High Mar 10
*PRICE: 2910.25@ Close Mar 10
*SUP 1: 2896.74 Low Mar 10
*SUP 2: 2892.52 Low Aug 3, 2016
*SUP 3: 2843.11 Low Jul 11, 2016
*SUP 4: 2768.62 Low Jul 8, 2016
EUROSTOXX 50 traded lower again yesterday extending the move through the
psychological 3000 handle. The most recent sell-off from Mar 5 confirmed a
resumption of the impulsive decline and the outlook is bearish. Note, this
market along with equity indices in general is at extreme oversold levels. The
risk of a correction, perhaps even a sharp reversal increases each day. Initial
resistance is 3088.57, the focus is on 2892.52 and 2843.11 next.

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