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Remains Off Recent Highs *RES.....>

EUROSTOXX OPTIONS: Remains Off Recent Highs
*RES 4: 3836.28 High Oct 13, 2015
*RES 3: 3830.60 1.236 projection of Aug 15 - Oct 1 rally from Oct 3 low
*RES 2: 3748.12 1.000 projection of Aug 15 - Oct 1 rally from Oct 3 low
*RES 1: 3733.45 High Nov 19 and bull trigger
*PRICE: 3679.66 @ Close Nov 21
*SUP 1: 3651.51 Low Nov 21
*SUP 2: 3637.94 High Oct 28 and former breakout point
*SUP 3: 3593.60 Low Oct 31
*SUP 4: 3571.01 Low Oct 18 and key support
EUROSTOXX50 retraced further yesterday although prices did find support off the
day low. In candle terms, Tuesday's pattern was a shooting star (inverted
hammer) and highlights a possible top. Support at 3679.63, Nov 13 low was
breached Wednesday and attention turns to the more significant 3637.94 level,
Oct 28 high. A break would further undermine the recent uptrend. Clearance of
3733.45 would erase bearish concerns and resume the uptrend.

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