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Weak Close Keeps Focus Lower......>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Weak Close Keeps Focus Lower
*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: 3361.68 21-dma 
*PREVIOUS CLOSE: 3194.41
*SUP 1: 3150.00 Bear channel bottom 
*SUP 2: 3030.00 Up trendline support from 2012 low 
*SUP 3: 2984.48 Low Dec 2 2016 
*SUP 4: 2678.27 Low July 1 2016 
Eurostoxx50 has close at its lows for the past three sessions keeping the
downtrend firmly intact and the focus on the bear channel bottom at 3150. Below
here would bring up trendline support from the 2012 lows into play. Bulls need
to recover the 21-dma to shift the outlook back to neutral.

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