The Bollinger band top capped on Wednesday and Thursday saw Stoxx50 pullback from the layers of resistance in the 3124.8-3169.9 region once again before finding support ahead of the 21-DMA. Bears continue to look for a close below 3026.4 to end bullish hopes and shift overall focus back to the 2014 low. While the 21-DMA supports immediate focus remains on the 3124.8-3169.9 region with a close above needed to target 2014 highs
RES 4: 3169.9 High Oct 6
RES 3: 3152.6 200-DMA
RES 2: 3139.3 Bollinger band top
RES 1: 3124.8 100-DMA
PREVIOUS CLOSE: 3102.0
SUP 1: 3069.1 21-DMA
SUP 2: 3026.4 Low Nov 13
SUP 3: 2965.6 Low Oct 30
SUP 4: 2906.0 Low Oct 21