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Testing The Downtrend *RES 4:....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Testing The Downtrend 
*RES 4: 3536.87 High Jul 31 
*RES 3: 3486.31 High Aug 10 
*RES 2: 3452.41 High Sep 27 
*RES 1: 3257.00 Medium term Pivotal Level 
*PREVIOUS CLOSE: 3172.61
*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 
DEC 18 EUROSTOXX has rebounded sharply and is now set to test the initial down
trendline resistance at the 3183.82 level. A move above here would trigger a
further positive technical signal putting the focus on the medium term pivotal
resistance at 3257.00. A further move above here would suggest that a bottom has
been established. Momentum indicators are also starting to trigger positive
signals, supporting the rebound.

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