Dips below the 21-DMA to end the week are a concern for bulls with Stoxx50 starting to look a little heavy. Bears need to see a close below 3026.4 to confirm a break of the 21-DMA and a bearish bias emerge targeting the 2014 low. Layers of resistance remain topside with bulls needing a close above 3099.7 to provide breathing room and above 3169.9 to confirm focus on 2014 highs
RES 4: 3152.0 200-DMA
RES 3: 3130.8 100-DMA
RES 2: 3119.1 55-DMA
RES 1: 3099.7 High Nov 12
PREVIOUS CLOSE: 3060.0
SUP 1: 3026.4 Low Nov 13
SUP 2: 2965.6 Low Oct 30
SUP 3: 2949.5 Bollinger band base
SUP 4: 2906.0 Low Oct 21