Sep 7 Lows Under Threat *RES 4:...>

EUROSTOXX50 TECHS: Sep 7 Lows Under Threat

*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: 3375.44 21-dma 

*PREVIOUS CLOSE: 3309.72 

*SUP 1: 3374.40 Low Sep 7 

*SUP 2: 3261.86 Low Mar 26 

*SUP 3: 3214.31 Low Feb 8 2017 

*SUP 4: 3175.00 Bear channel bottom 

Eurostoxx50 continues to look weak following Friday's break below the 21-dma

with yesterday's losses shifting the focus to the Sep 7 low at 3374.40. A break

below here would target the March 26 low at 3261.86, below which confirms a

large topping formation. Bulls need to reclaim the 21-dma to target the Aug 28

high and 200-dma and establish a higher cyclical high, something which has not

been achieved since May.