Stoxx50 managed fresh 8 month lows as it approached the 2014 low Monday only to bounce back towards initial resistance. Bulls continue to look for a close above 3034.9 to ease bearish pressure a little whereas a close above 3090.4 remains needed to shift focus back to key DMAs clustered 3149.5-3188.5. Bears remain focused on 2014 lows with O/S daily studies and the Bollinger band base key concerns.
RES 4: 3128.9 High Oct 7
RES 3: 3106.4 Previous daily support now resistance
RES 2: 3090.4 High Oct 9
RES 1: 3034.9 High Oct 10
PREVIOUS CLOSE: 2998.1
SUP 1: 2963.9 Low Oct 13
SUP 2: 2944.1 2014 Low Feb 4
SUP 3: 2932.1 100-WMA
SUP 4: 2916.7 Monthly Low Dec 13 2013