SHORT Euro Stoxx 50 approaching resistance, potential drop!

Euro Stoxx 50 is approaching our first resistance at 3262.1(horizontal overlap resistance, 50% Fibonacci retracement ,100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 3048.9 (61.8% Fibonacci retracement ,61.8% Fibonacci extension )

Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.