Gains initially continued Friday with Stoxx50 working its way towards the current bullish target at 3325.5 representing 2014 highs. The stall ahead of June 23 highs resulted in relatively bearish close but bears need to see a close below 3237.0 to confirm an easing of bullish pressure whereas a close below 3190.7 hints at a deeper correction that targets 2014 lows.
RES 4: 3356.3 Weekly Bollinger band top
RES 3: 3325.5 2014 High June 19
RES 2: 3309.9 Bollinger band top
RES 1: 3302.9 High June 23
PREVIOUS CLOSE: 3273.0
SUP 1: 3237.0 Low Sept 18
SUP 2: 3211.3 21-DMA
SUP 3: 3190.7 Low Sept 3
SUP 4: 3160.5 55-DMA