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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 
*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.

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