The run of lower daily highs on all but 1 of the previous 8 trading days came to an end Wednesday as Stoxx50 bounced back towards initial resistance. Bulls continue to look for a close above 3255.3 to regain control and shift overall focus back to 2014 highs. Bears need a close below 3190.7 to confirm breaks of 21 & 100-DMAs and hint at a deeper pullback with below the 200-DMA confirming.
RES 4: 3325.5 2014 High June 19
RES 3: 3302.9 High June 23
RES 2: 3289.8 Monthly high July 3
RES 1: 3255.3 Previous daily support now resistance
PREVIOUS CLOSE: 3237.2
SUP 1: 3202.3 21-DMA
SUP 2: 3190.7 Low Sept 3
SUP 3: 3160.5 55-DMA
SUP 4: 3145.9 200-DMA