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Topside Hesitation Taking Its.....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Topside Hesitation Taking Its Toll 
*RES 4: 3650.83 High May 11 
*RES 3: 3630.23 Bollinger band top 
*RES 2: 3625.87 High Oct 18 
*RES 1: 3605.33 Low Oct 24 now resistance
*PREVIOUS CLOSE: 3591.46
*SUP 1: 3582.07 Hourly resistance Sept 29 now support 
*SUP 2: 3556.50 Low Sept 28 
*SUP 3: 3529.19 Low Sept 26 
*SUP 4: 3518.70 55-DMA
*COMMENTARY: Topside hesitation is taking its toll with the index closing below
the 21-DMA (3600.60) & bull channel base Wednesday with immediate pressure on
3582.07. Bears need a close below 3582.07 to shift focus to 3506.61-3529.19
where 55 & 100-DMAs are noted. Bulls still need a close above 3625.87 to
reconfirm the bullish bias and target 2017 highs. Bollinger bands continue to
narrow (3570.96-3630.23) and increase the risk of a breakout.

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