A short-term low for the DJ Eurostoxx 50 (days/weeks) was expected around now and looks to be in place.

Short-Term (days/weeks): positive for the DJ Eurostoxx 50
The DJ Eurostoxx 50 was higher last week as Daily OB/OS momentum neutralized
from oversold.
At the close on Friday, DJ Eurostoxx 50 was near trend support from the September
2022 low ; Daily OB/OS momentum was modestly oversold.
A short-term low for the DJ Eurostoxx 50 (days/weeks) was expected around now
and looks to be in place.
See Daily OB/OS Charts, attached, page 6.
Intermediate-Term (weeks/months): still positive
Intermediate breadth and momentum indicators for Europe/UK were mostly lower
week-on-week at the close on Thursday, including FT All Share and DJ Stoxx 600
Intermediate Term Indicators and Money Flow of the Average FT All Share Stock.
Money Flow of the Average DJ Stoxx 600 Stock was unchanged.
The DJ Stoxx 600 and FTSE were both higher week-on-week at the close on
Thursday: the DJ Stoxx 600 turned up at support from the 2022 weekly highs and the
FTSE turned up at the 200-day moving average.
See Weekly Charts, pages 7 and 8, attached.
DJ Stoxx 600 is turning up at good intermediate price support and US analogs for the
NYSE ITI and the DJIA/Pre Election Year cycle both still look relevant, pointing to
strength for the key US equity market until end-April.
This looks bullish for the intermediate outlook (weeks/months) for Europe equities.
See analog charts, pages 2-3.
Key Takeaway: the intermediate outlook (weeks/months) for Eur ope equity
indices remains positive.